Week in Review
The overall capitalisation of the market rose 0.05% during this four-day week ending at a value of $816,676,623. The rise in the market value can be attributed to an increase of 0.34% noted for the restricted security, Fijian Holdings Limited (FHL) and an increase of 1.12% noted for Fiji Television Limited (FTV) . Paradise Beverages (Fiji) Limited (FGP) also witnessed trades on the SPSE e-trading platform this week. In aggregate, 12,002 shares exchanged hands garnering $42,683 in consideration. The SPSE Total Return Index (STRI) also rose 0.05% this week standing at 1896.01 at close of trading on Friday. The market capitalisation weighted total return index rose due to positive price returns generated by Fijian Holdings Limited (FHL) and Fiji Television Limited (FTV).
The new order flow on the trading platform maintained its positive momentum from prior weeks as an aggregate consideration of $217,947 was recorded this week. New orders were mostly noted for Fijian Holdings Limited (FHL), Paradise Beverages (Fiji) Limited (FGP) and Fiji Television Limited (FTV).
VB Holdings Limited (VBH) now stands as the widest bid-offer margin security with a spread of $1.58 while Amalgamated Telecom Holdings Limited (ATH) continues to rank as the narrowest bid to offer margin security with a spread of $0.03.
On the listed company market announcements platform, four press releases were received by the Exchange. The week began with Fiji Television Limited (FTV) submitting the company’s half year financials and also announced the first interim dividend for the six months ended 31st December 2012. Pacific Green Industries (Fiji) Limited (PGI) announced that it has received an offer for the purchase of its subsidiary company, Dongguan Golden Palmwood Furniture Pty Limited in China. Future Forests (Fiji) Limited submitted the notice of a meeting for its noteholders. BSP Convertible Notes Limited (BCN) concluded the week announcing that BSP PNG has made a non-binding conditional offer to acquire leasing and finance businesses of Credit Corporation Group.
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