SPSE TRADING SUMMARY FOR THE WEEK ENDED 20TH JUNE 2014

 

Week in review

The overall capitalisation of the market saw a further increase of 0.32% at close of trading on Friday, ending at a value of $837,626,879. The positive price increases recorded by the supermarket chain, RB Patel Group Limited (RBG) to another all-time high share price of $2.58 and an increase of 5.90% in the share price for Toyota Tsusho (South Sea) Limited (TTS) led to this ascent. Other securities witnessing trades this week were; the market heavyweight, Amalgamated Telecom Holdings Limited (ATH), Communications (Fiji) Limited (CFM), Paradise Beverages Fiji Limited (PBF) and the restricted stock, Fijian Holdings Limited (FHL).

The SPSE Total Return Index (STRI) also witnessed an increase of 0.32% to conclude at a value of 2087.86 reflecting positive price returns from TTS and RBG.

In terms of market statistics, an aggregate quantity of 48,445 shares exchanged hands in 20 transactions accumulating $125,751 in consideration.

The new orders on the e-trading platform displayed a strong flow this week and registered an aggregate consideration of $280,298. The participation of few institutional investors in the market this week saw the increase in the flow of orders. Few larger parcel orders were recorded for TTS, ATH, PBF and FHL. Out of this aggregate order flows, 42.31% was represented by an interest to purchase securities listed on SPSE.

In terms of overall unexecuted orders on the e-trading order platform, the total shares on bid rose 1.76% with the total shares on offer also increasing by 0.24%. The SPSE bid to offer ratio remained unchanged from prior week and closed at 1:1.

Pleass Global Limited (PBP) still ranks as the narrowest bid-offer margin security having a spread of $0.08 with the most lucrative bid placed at $0.85 with CFM still queuing as the widest bid-offer margin stock having a spread of $1.40. CFM last traded at $4.00.

The SPSE market announcements platform recorded two releases for the week. Kontiki Growth Fund Limited (KGF) released the company?s net asset value as at 30th May 2014 while Fiji Television Limited (FTV) updated the market regarding the extension of its existing broadcast license for another six months.

SPSE also did a press release inviting expressions of interest from organisations who wish to participate in its eminent Annual Report Competition for 2014. Interested organisations can submit 8 copies of their 2013 Annual Reports and entries close on 15th July 2014. SPSE press release regarding the same can be viewed on:

https://announcements.spse.com.fj/ftp/news/021725451.PDF

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

Jinita Prasad

Chief Executive

20-06-2014