SPSE TRADING SUMMARY FOR THE WEEK ENDED 6TH JUNE 2014

 

Week in review

The activity on the SPSE e-trading platform remained healthy with an aggregate quantity of 19,237 shares exchanging hands in 15 transactions accumulating $51,576 in value. Amongst the securities witnessing trades this week were; FijiCare Insurance Limited (FIL), FMF Foods Limited (FMF), RB Patel Group Limited (RBG), The Rice Company of Fiji Limited (RCF), Paradise Beverages (Fiji) Limited (PBF), Fiji Television Limited (FTV) and the telecommunications giant, Amalgamated Telecom Holdings Limited (ATH).

Few securities recorded price gains and amongst which, the supermarket chain, RBG rose to another all-time high share price of $2.57. Other price increases were recorded for FIL, which rose 10.53% and FMF, which rose 6.67%.

RCF also recorded a price rise of 8.70%. The only price fall for the week was recorded by PBF, which saw a negative price return of 1.34%. Following these price movements, the overall capitalisation of the market witnessed an increase of 0.58%, which at close of trading on Friday stood at a value of $834,731,547. The SPSE barometer, STRI also saw an increase of 0.58% and ended the week of trading at a value of 2077.20.

The new order flows for the market continued on a sturdy pattern as an aggregate consideration of $130,878 was recorded during the week under review. Several orders were recorded for various listed stocks amongst which a high volume of a sell order was recorded for PBF, which accounted for 63.32% of the aggregate value.

In terms of overall unexecuted orders on the e-trading order platform, the total shares on bid fell 0.88% with the total shares on offer also falling 0.28%. The SPSE bid to offer ratio remained unchanged from prior week and closed at 1:1.

Amalgamated Telecom Holdings Limited (ATH), Pleass Global Limited (PBP) and VB Holdings Limited (VBH) now rank as the narrowest bid-offer margin securities with a spread of $0.10 while Toyota Tsusho (South Sea) Limited (TTS) continues to stand as the widest bid-offer margin stock having a spread of $2.50.

The SPSE market announcements platform remained fairly quiet recording only two releases for the week. Future Forests (Fiji) Limited convertible notes security (FFFN) announced the 6th interest payment to its noteholders while Fiji TV announced that the company will televise the FIFA World Cup on its free-to-air platform, Fiji One.

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

Jinita Prasad

Chief Executive

06-06-2014