Week in review

The market heavy weight, Amalgamated Telecom Holdings Limited (ATH), Pleass Global Limited (PBP) and the restricted security, Fijian Holdings Limited (FHL) were the three listed securities witnessing trades on the SPSE etrading platform this week. In aggregate, 114,786 shares exchanged hands in nine transactions accumulating $112,310 in value. PBP saw an increase of 1.06% in its share price ending the week at $0.95 while ATH saw a drop of 1.11% in its share price ending the week at $0.89. FHL’s share price remained unchanged from the prior week and once again closed the week of trading at $3.40.

Given the two price movements, the overall capitalisation of the market dipped slightly by 0.48% to a week-end value of $867,868,741. The SPSE Total Return Index (STRI) also saw a fall of 0.48% and closed the week at a value of 2171.83.

The new order flow analysis once again remained strong with an aggregate consideration of $257,538 being recorded for the week under review. The high order flow value is attributed to few high volume orders recorded for Pleass Global Limited (PBP) and Atlantic & Pacific Packaging Company Limited (APP). Other new orders were recorded for FHL and ATH.

In terms of overall unexecuted orders on the e-trading orders platform, the total shares on bid rose by 0.33% while the total shares on offer fell by 1.29%. The SPSE bid to offer ratio remained unchanged from prior week and closed at 1:1.

ATH still stands as the narrowest bid-offer margin security with a spread of $0.06 while Fiji Television Limited (FTV) continues to pose as the widest bid-offer margin stock having a spread of $0.93.

The SPSE market announcements platform recorded four releases from the listed companies. VB Holdings Limited (VBH) submitted the company’s half year financial results for the six months ended 30th June 2014 as well as declared an interim dividend of $0.07 per share. FHL announced the resignation of a director. BSP Convertible Notes Limited (BCN) released the media and analyst presentation on BSP PNG half year financial results. Fiji TV concluded the week of announcements updating the market regarding the return of Fox Channels on Sky Pacific and the presentation of cheque for the Coke Zero Deans 2014 final.

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

Jinita Prasad

Chief Executive


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