SPSE TRADING SUMMARY FOR THE WEEK ENDED 17TH MAY 2013

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.

For further information, please feel free to contact us on 330 4130 or e-mail on info@spse.com.fj

Jinita Prasad

Chief Executive

17-05-2013