Week in Review
An active trading pattern was witnessed on the SPSE e-trading platform this week as 102,147 shares exchanged hands in 26 transactions garnering $109,577 in consideration. Amongst the listed securities witnessing trades were; Atlantic & Pacific Packaging Company Limited (APP), telecommunications giant, Amalgamated Telecom Holdings Limited (ATH), the restricted security, Fijian Holdings Limited (FHL), supermarket chain, RB Patel Group Limited (RBG) and The Rice Company of Fiji Limited (RCF). Amongst these securities, only FHL witnessed a price movement, which was an increase of $0.03 concluding the week at $3.00 while the share prices of the other securities remained unchanged at close of trading on Friday. The overall capitalisation of the market ascended 0.04% to close the week at a value of $798,751,367. The increase in market value resulted from a price increase of 1.01% recorded for FHL.
The SPSE Total Return Index (STRI) rose 0.04% as well and ended the trading week at a value of 1876.85.
On the order platform, the total securities on bid saw a decrease of 2.89% with the total securities on offer also recording a decrease of 4.87% for the week. The bid to offer ratio at close of trading on Friday stood at 1:1.
However, the new order flow yielded an aggregate consideration of $86,267 with new orders mostly being noted for ATH, RBG, APP, FHL and RCF. Out of this new order flow consideration, 60.85% was represented by an interest to purchase securities on SPSE.
ATH continues to rank as the narrowest bid-offer margin security with a spread of $0.06 while RCF still ranks as the widest bid to offer margin security with a spread of $1.10.
On the listed company market announcements platform, two releases from listed companies were recorded for the week. BSP Convertible Notes Limited (BCN) announced the appointment of a new Group Chief Executive Officer for its parent company, BSP PNG while FijiCare Insurance Limited (FIL) announced the date of its Annual General Meeting as well the launch of its new IT system. The Exchange also did a press release of its own updating the market regarding the mandatory conversion of BCN from convertible notes to Fiji Class Shares.
For further information, please feel free to contact us on 330 4130 or e-mail on info@spse.com.fj
Jinita Prasad
Chief Executive
19-04-2013