Caption: SPSE CEO Jinita Prasad.
Week in Review
Despite the overall activity remaining slow on the SPSE e-trading platform this week, both the overall capitalization of the market and the SPSE Total Return Index (STRI) rose 0.08%. The market capitalisation ended the trading week at a value of $798,241,787 while STRI closed at 1895.91. Fiji Television Limited (FTV) and the restricted stock, Fijian Holdings Limited (FHL) witnessed trades this week with both securities witnessing price gains of 1.69% and 0.32% respectively. A total of 7,399 shares exchanged hands in eight transactions garnering $22,956 in consideration.
In terms of the new order flow, a total consideration of $57,338 was recorded amongst which 61.25% of the order flow consideration was represented by an interest to purchase securities on SPSE. New orders were mostly recorded for FHL, FTV, FIL, CFM, RBG and ATH.
In terms of overall unexecuted orders on the e-trading order platform, the total shares on bid increased by 1.06% with the total shares on offer also increasing slightly by 0.07%.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 $1.80 while FMF Foods Limited (FMF) and Amalgamated Telecom Holdings Limited (ATH) now queue as the narrowest bid offer margin stocks with a spread of $0.08.
The listed company market announcements platform recorded three market releases this week. First announcement for the week was from Kontiki Growth Fund Limited (KGF) where it announced its net asset value as at 30th August 2013. BSP Convertible Notes Limited (BCN) informed the market that BSP PNG has decided to enter into negotiations to finalise a share sale and purchase agreement regarding the acquisition of Credit Corporation’s finance and leasing business. Finally, Toyota Tsusho (South Sea) Limited (TTS) declared an interim dividend of five cents per share for the five months ended 31st August 2013.
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