SPSE TRADING SUMMARY FOR THE WEEK ENDED 28TH FEBRUARY 2014

 

Week in review

Overall activity on the SPSE e-trading platform continued on a healthy pace this week recording 26 transactions as 56,315 shares exchanged hands garnering $126,863 in consideration. Amongst the securities witnessing trades were; the restricted stock, Fijian Holdings Limited (FHL), the telecommunications giant, Amalgamated Telecom Holdings Limited (ATH), BSP Convertible Notes Limited (BCN), FMF Foods Limited (FMF) and Fiji Television Limited (FTV).

ATH and FHL were the only stocks to witness a price rises of 5.33% and 0.94% respectively. Share prices for other securities witnessing trades remained unchanged.

The rise in share prices for ATH and FHL gave a further increase to the overall capitalisation of the market, which at close of trading on Friday, stood at $799,185,892, a 2.20% increase recorded for the week under review. The market barometer, SPSE Total Return Index (STRI) also saw a 2.20% increase due to the positive price returns generated by FHL and ATH. STRI ended the week at a value of 1945.20.

The new order flow also continued its healthy trend and saw the market recording a total consideration of $188,538.

In aggregate, 73.08% of this value was represented by an interest to purchase securities on SPSE. A major buyer also emerged for FHL which accounted for 54.03% of the total new order flows. Other new orders were recorded for ATH, FTV, CFM, FMF and BCN.

In terms of overall unexecuted orders on the e-trading order platform, the total shares on bid increased by 0.56% with the total shares on offer seeing a decrease of 1.40%.The SPSE bid to offer ratio remained unchanged from prior week and closed at 1:2.

Fiji TV now stands as the narrowest bid-offer margin security with a spread of $0.04 while The Rice Company of Fiji Limited (RCF) continues to rank as the widest bid to offer margin security with a spread of $0.55.

The SPSE market announcements platform recorded a single release for the week. Future Forests (Fiji) Limited (FFF) submitted the company?s half year accounts as at 31st December 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

28-02-2014