Week in Review
The week under review on the SPSE e-trading platform witnessed 2,758 securities exchanging hands accumulating $7,936 in consideration. Three listed securities, namely; the market heavy-weight, Amalgamated Telecom Holdings Limited (ATH), the restricted security, Fijian Holdings Limited (FHL) and the hybrid security, BSP Convertible Notes Limited (BCN) witnessed trades this week. With no price movements recorded, the market capitalisation remained invariable at $816,249,812 together with the SPSE Total Return Index (STRI) remaining unchanged at 1894.28.
On an affirmative note, the new order flow on the trading platform showed a positive trend with an aggregate total consideration at close of trading on Friday standing at $578,931, out of which, 97.37% is being represented by an interest to purchase securities on SPSE. New buy orders were noted for FMF Foods Limited (FMF), RB Patel Group Limited (RBG) and FHL with new sell orders that still remain unexecuted at close of trading today emerged for Paradise Beverages (Fiji) Limited and the supermarket chain, RBG.
Moreover, Paradise Beverages (Fiji) Limited remains the widest bid-offer margin security with a spread of $4.00 while Pleass Global Limited (PBP) now ranks as the narrowest bid to offer margin security with a spread of $0.05 and the best offer parcel being at $0.89.
While, the market announcements platform mostly remaining silent, the year 2013 began with two market releases being made this week. Firstly, FijiCare Insurance Limited (FIL) to update its existing shareholders and other market participants, announced significant business developments while Future Forests (Fiji) Limited provided an update on its Teak plantations following Cyclone Evan. The company announced that its plantations suffered minimal damages during the natural disaster.