Week in review
The SPSE Total Return Index (STRI) took an upswing of 1.59% to end the week of trading at a value of 1973.75. The rise in the accumulation index was due to a dividend return of 3.80% generated by the telecommunications giant, Amalgamated Telecom Holdings Limited (ATH).
Securities witnessing trades for the week under review included; ATH, Fijian Holdings Limited (FHL), Fiji Television Limited (FTV), FMF Foods Limited (FMF) and supermarket chain, RB Patel Group Limited (RBG). With no price movements recorded for the week, the overall capitalisation of the market remained unchanged and concluded at a value of $798,252,355.
In terms of overall market statistics, 412,078 shares exchanged hands in 14 transactions accumulating $1,091,342 in consideration.
The new order flows for the market saw an aggregate consideration of $71,077, out of which, 57.40% was represented by an interest to purchase securities in SPSE listed stocks. New orders were recorded for FHL, CFM, RBG, FMF, ATH and FTV.
In terms of overall unexecuted orders on the e-trading order platform, both the total shares on bid and the total shares on offer also saw decreases of 1.90% and 5.56% respectively. The SPSE bid to offer ratio remained unchanged from prior week and closed at 1:2.
ATH continues to stand as the narrowest bid-offer margin security with a spread of $0.03 with the most lucrative bid placed at $0.79 while Fiji TV continues to rank as the widest bid to offer margin security with a spread of $1.10.
For further information, please feel free to contact us on 330 4130 or e-mail on info@spse.com.fj
Jinita Prasad
Chief Executive
14-03-2014