Week in Review
Amongst the securities trading on the SPSE e-trading platform during the week under review were; the market
heavy-weight, Amalgamated Telecom Holdings Limited (ATH), the restricted security, Fijian Holdings Limited (FHL),
the supermarket chain, RB Patel Group Limited (RBG) and FMF Foods Limited (FMF). While the share price for ATH
dipped 1.18% to end the week at $0.84, the share prices for FHL and RBG rose 0.34% and 0.91% respectively. On an
assenting note, RBG saw its share price rising to another all-time high of $2.22. The share price for FMF remained
invariable at $0.40.
In aggregate, a total of 232,442 shares exchanged in 20 transactions this week accumulating $126,581 in
consideration. Concentrating on the price movements for the week saw the overall capitalisation of the market
dipping slightly by 0.44%. At close of trading on Friday the market capitalisation stood at $802,290,538.
The SPSE Total Return Index (STRI) fell 0.29% standing at 1865.39 at close of trading on Friday.
Given that STRI is a
market capitalisation weighted total return index, movements in share prices of heavy weight securities has a
greater impact on the SPSE barometer, thus a negative movement in the share price for ATH this week led to the
STRI to fall. However, a dividend return of 1.82% generated by RBG together with positive price returns from RBG
and FHL moderated the overall negative movement in STRI for the week.
Furthermore, the new order flow on the trading platform showed signs of optimism this week as an aggregate
consideration of $289,750 was recorded on the e-trading system order book. Overall, 81.49% of the new order flow
was represented by an interest to purchase securities on SPSE. Generally, new order flows were noted for Atlantic &
Pacific Packaging Company Limited (APP), Fijian Holdings Limited (FHL), RB Patel Group Limited (RBG), Amalgamated
Telecom Holdings Limited (ATH), FMF Foods Limited (FMF), Pleass Global Limited (PBP) and Fiji Television Limited
(FTV).
Finally, in-terms of narrowest and widest bid to offer margin securities, ATH is now ranked as the narrowest bid to
offer margin security with a spread of $0.01. The most lucrative bid for ATH is currently placed at $0.84 while the
best offer at close of trading on Friday was at $0.85. As for the widest bid to offer margin security, Paradise
Beverages (Fiji) Limited (FGP) continues to have its best bid at $9.00 and a best offer at $13.30 creating a spread of
$4.30.
For further information, please feel free to contact us on 330 4130 or e-mail on info@spse.com.fj
Jinita Prasad
Chief Executive
15-02-2013