Week in Review
The SPSE e-trading platform continued its momentum from last week as a volume of 40,713 shares exchanged hands this week garnering an aggregate consideration of $95,153. The restricted security, Fijian Holdings Limited (FHL) was the most active security in terms of value traded followed by BSP Convertible Notes Limited (BCN), Amalgamated Telecom Holdings Limited (ATH), RB Patel Group Limited (RBG) and The Rice Company of Fiji Limited (RCF) respectively.
BCN was the only stock to witness a price increase while the share prices for other securities remained
invariable except for ATH. The share price for ATH closed $0.03 lower, which at close of trading on Friday stood at $0.83.
The fall in the share price for ATH also led to the overall capitalisation of the market to descend 1.52% ending the week at a value of $806,180,638. Considering the negative price return from the market heavy-weight stock, ATH, the capitalisation weighted SPSE Total Return Index (STRI) also took a dip of 1.52%. STRI ended the week under review at a value of 1904.58.
The new order flow for the week remained active with an aggregate consideration of $124,462 being recorded on the e-trading order platform. The majority of the order flow resulted from new FHL sell orders which led to the execution of existing FHL buy orders already placed on the platform from prior weeks as part of Fijian Holding’s market- based dividend reinvestment plan. Other new orders were noted for ATH, RBG, BCN and RCF.
ATH continues to rank as the narrowest bid-offer margin security with a spread of $0.03 with RCF still queuing as the widest bid to offer margin security with a spread of $1.10. On the listed company market announcements platform, two announcements were recorded. Fiji Television announced the resignation of Mr Isoa Kaloumaira as a Director while ATH submitted the company’s full audited financial statements for the year ended 31st March 2013.
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