Week in review

The market heavyweight, Amalgamated Telecom Holdings Limited (ATH) and the restricted stock, Fijian Holdings Limited (FHL) were the two stocks witnessing price gains for the week under review. ATH rose 2.33% to end the week at $0.88 while FHL rose 0.30% to conclude the week at $3.36. Due to the price increases recorded for ATH and FHL, the overall capitalisation of the market also took an upswing of 1.00% to end at a value of $860,836,567.

Moreover, given the increase recorded in the share price for ATH and FHL, the SPSE Total Return Index (STRI), which is a market capitalisation weighted total return index, also rose 1.00% to conclude at a value of 2146.80.

In terms of market statistics, 10 transactions were recorded with 9,948 shares exchanging hands while accumulating $18,494 in value. Another stock witnessing trading activity during the week was Fiji Television Limited (FTV), however, the company’s share price remained unchanged from prior week and closed at $2.99.

The new order flow analysis indicates a slightly active pattern from the previous week with an aggregate consideration of $35,733 registered on the orders platform. On a positive note, 54.69% of this new order flow consideration was represented by an interest to purchase securities in SPSE listed stocks. New orders mostly emerged for FHL, APP, ATH, FTV and RBG.

In terms of overall unexecuted orders on the e-trading orders platform, the total shares on bid rose by 0.47% while the total shares on offer fell by 0.24%. The SPSE bid to offer ratio changed from prior week and closed at 1:1.

Atlantic & Pacific Packaging Company Limited (APP) together with ATH stands as the narrowest bid-offer margin securities with a spread of $0.05 while the radio conglomerate, Communications (Fiji) Limited (CFM) continues to stand as the widest bid-offer margin stock having a spread of $1.40.

The SPSE market announcements platform recorded three press releases for the week. RB Patel Group Limited (RBG) submitted the company’s audited financial statements for the year ended 30th June 2014 and also declared a final interim dividend of $0.10 per share. Fiji TV also commented on the concerns raised by various subscribers regarding its new Sky Pacific channel lineup.

As for the upcoming event, SPSE is pleased to announce the details for the West Investment Seminar & Broker Consultation Session. This will be held at Tanoa Waterfront Hotel, Lautoka on Wednesday, 13th August 2014 from 1pm. This seminar has been organised following popular demand of similar sessions held last year. The Exchange with its licensed stockbrokers will be sharing many investing tips together with key elements of financial planning

and wealth creation during this visit. This is a free of charge event but due to limited space available, registration is vital.

For further information and for the purpose of seminar registrations, 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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