Jinita Prasad. File Photo.
Week in review
The overall capitalisation of the market recorded a 0.76% drop concluding the four-day trading week at a value of $834,195,849. While, the supermarket chain, RB Patel Group Limited (RBG) rose to another all-time high of $2.55, price falls were recorded for Fiji Television Limited (FTV), Paradise Beverages (Fiji) Limited (PBF), Amalgamated Telecom Holdings Limited (ATH) and Pleass Global Limited (PBP).
The SPSE Total Return Index (STRI) also decreased 0.74% to end the week of trading at a value of 2065.14. The fall in the accumulation index was due to negative price returns generated by FTV, PBF, ATH and PBP. However, STRI did account for a dividend return of 1.23% following the five cents per share dividend declared by Communications Fiji Limited (CFM) earlier. CFM shareholders should receive their share of dividends on 28th April 2014.
The highlight for the week was the 12 special crossing trades executed in six different listed stocks on SPSE. A total volume of 2,669,414 shares exchanged hands with a value of $2,045,926. Special crossing trades are bilateral deals on the sale and purchase of larger quantities of shares in a security which are one-off transactions.
In terms of aggregate market statistics, 2,677,215 shares exchanged hands in 25 transactions this week accumulating $2,060,706 in value.
The new order flows for the market remained healthy with an aggregate consideration of $103,992 being accumulated for this week. New orders were recorded for RBG, CFM, FHL, ATH, FTV, PBF and FMF.
In terms of overall unexecuted orders on the e-trading order platform, both the total shares on bid and the total shares on offer also saw increases of 0.11% and 0.97% respectively. The SPSE bid to offer ratio remained unchanged from prior week and closed at 1:2.
Radio conglomerate, CFM still ranks as the narrowest bid-offer margin security with a spread of $0.09 with the most lucrative bid placed at $4.00 and the offer at $4.09 while FTV and RCF continue to rank as the widest bid to offer margin securities with a spread of $1.00.
The SPSE market announcements platform recorded three market releases for the week with PBF submitting its full Annual Report for the 18 months ended 31st December 2013, VB Holdings Limited (VBH) released the company’s Annual General Meeting resolutions and Kontiki Growth Fund Limited (KGF) announced a change in substantial shareholding following the special crossing trades.
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Jinita Prasad
Chief Executive
17-04-2014