SPSE TRADING SUMMARY FOR THE WEEK ENDED 9TH AUGUST 2013

 

Week in Review

The overall activity remained active on the SPSE electronic trading platform this week despite the overall capitalisation of the market taking a slight dip of 0.08%. A total of 20 transactions were recorded with 41,656 shares exchanging hands garnering an aggregate consideration of $51,269. Amongst the securities witnessing trades this week were; the supermarket chain, RB Patel Group Limited (RBG), FMF Foods Limited (FMF), the restricted stock, Fijian Holdings Limited (FHL), Fiji Television Limited (FTV) and Paradise Beverages (Fiji) Limited (PBF).

The share prices for FTV and PBF fell by 1.69% and 0.08% respectively resulting in the market capitalisation for the week under review to fall as well. The market capitalisation at close of trading on Friday stood at $810,027,688.

The SPSE Total Return Index (STRI) closed the week at 1916.80, a 0.06% fall for the week. The negative share price returns generated by FTV and PBF led to the accumulation index to descend. However, this week also saw a dividend return of 2.31% generated by VB Holdings Limited (VBH). The company had earlier declared its first interim dividend of $0.07 per share. VBH shareholders will be paid their share of dividends on 15th August 2013.

The new order flow consideration on the SPSE platform stood at $183,219. This high order flow consideration is due to an inflow of few large orders for FMF and PBF. The SPSE bid to offer ratio closed the week at 1:3. The Rice Company of Fiji Limited (RCF) continues to rank as the widest bid-offer margin security with a spread of $0.70 while FTV now queues as the narrowest bid-offer margin stock with a spread of $0.07.

The listed company market announcements platform recorded three market releases this week. BSP Convertible Notes Limited (BCN) started the week announcing that BSP maintains its credit rating in 2013. Amalgamated Telecom Holdings Limited (ATH) announced the notice of its upcoming Annual General Meeting while RBG ended the week announcing that the company has signed a contract with 4R Electrical and General Construction Limited for the construction of a Cinema Multiplex at their JetPoint Complex in Nadi.

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

Jinita Prasad

Chief Executive

09-08-2013