CAPTION: SPSE CEO Jinita Prasad. Photo: File.
Week in Review
The week under review saw the SPSE e-trading platform witnessing an exchange of 15,826 shares accumulating $25,449 in value. Amongst the securities witnessing trades this week were; Fijian Holdings Limited (FHL), Amalgamated Telecom Holdings Limited (ATH) and Fiji Television Limited (FTV). The share prices for FHL and ATH remained unchanged for the week at $3.00 and $0.83 respectively, however, the share price for FTV rose 1.85%, which at close of trading on Friday stood at $2.75.
The share price appreciation for FTV led to the overall capitalisation of the market to ascend 0.06%. The market capitalisation ended the week at a value of $800,911,051. The SPSE Total Return Index (STRI) also rose 0.06% for the week and stood at 1891.44 at close of market on Friday.
In terms of new order flow, an aggregate consideration of $216,448 was recorded for the week. Several buy orders were recorded for FHL as part of the company’s bi-annual dividend reinvestment scheme. These orders remained unexecuted at the end of the week. On the aggregate order platform, the total securities on bid saw a slight increase of 0.44% with the total securities on offer recording a slight decrease of 0.06% for the week. The bid to offer ratio at close of trading on Friday stood at 1:1.
ATH continues to rank as the narrowest bid-offer margin security with a spread of $0.01 while FTV now stands as the widest bid to offer margin security with a spread of $0.95.
On the listed company market announcements platform, the following releases from listed companies were recorded for the week:
- RB Patel Group Limited (RBG) announced a substantial change in the shareholding of the company after the execution of two million shares of the company. BSP Life (Fiji) Limited now owns 7.2% of the company while Yasana Holdings Limited owns 3.1%.
- Kontiki Growth Fund Limited (KGF) announced the net asset value of the company as at 30th April 2013.
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Jinita Prasad
Chief Executive
17-05-2013