Week in review
The supermarket chain, RB Patel Group Limited (RBG) was the most active stock on the SPSE e-trading platform this week in terms of value traded, accounting for 88.96% of the overall consideration.
In aggregate, 20 transactions were recorded for the 120,776 shares that exchanged hands garnering $290,529 in value. Other securities witnessing trades were; the telecommunications giant, Amalgamated Telecom Holdings Limited (ATH), Fiji Television Limited (FTV), Toyota Tsusho (South Sea) Limited (TTS), the restricted security, Fijian Holdings Limited (FHL) and the manufacturer of alcoholic beverages, Paradise Beverages (Fiji) Limited (PBF).
FHL was the only stock to record a price gain while PBF was the only stock to record a price loss. Other securities did not record any price movements for the week under review.
The overall capitalisation of the market witnessed a slight increase of 0.03%, which at close of trading on Friday stood at $834,941,405 with the market barometer, SPSE Total Return Index (STRI) seeing a rise of 0.19% and concluding the week of trading at a value of 2081.17. Together with the price movements, STRI includes the dividend impacts. Kontiki Growth Fund Limited (KGF), FijiCare Insurance Limited (FIL) and BSP Convertible Notes Limited (BCN) generated dividend returns for this week. FIL shareholders received their dividend entitlements on 11th June 2014, while KGF and BCN shareholders will receive their share of dividends on 17th June 2014 and 20th June 2014 respectively.
The new order flow trend remained strong this week and accumulated a total consideration of $278,545. Out of this aggregate amount, 81.95% was represented by an interest to purchase securities listed on SPSE. Larger parcel of buy orders were recorded for PBF, FHL and ATH amongst others.
In terms of overall unexecuted orders on the e-trading order platform, the total shares on bid rose 3.13% with the total shares on offer also increasing by 0.32%. The SPSE bid to offer ratio remained unchanged from prior week and closed at 1:1.
Pleass Global Limited (PBP) ranks as the narrowest bid-offer margin security with a spread of $0.08 while Communications (Fiji) Limited (CFM) now stands as the widest bid-offer margin stock having a spread of $1.40.
The SPSE market announcements platform recorded four releases for the week. TTS released the company’s annual general meeting resolutions. BCN updated the market regarding the foreign exchange margin regulation as announced by the Bank of PNG. ATH announced the retirement of Mr Aslam Khan as Vodafone Fiji’s Managing Director while PBP concluded the week of announcements by releasing its Chairman’s speech at the annual general meeting with the resolutions as well as declared a final dividend of $0.02 per share.
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Jinita Prasad
Chief Executive
13-06-2014