Week in Review
The overall activity on the SPSE e-trading platform slowed down this week as 4,574 shares exchanged hands in 13 transactions accumulating $11,505 in value. Amongst the securities trading were; Fijian Holdings Limited (FHL), Paradise Beverages (Fiji) Limited (PBF) and the supermarket chain, RB Patel Group Limited (RBG). Still continuing to trade at its all-time high share price of $2.26, RBG did not see any movements in its share price this week.
FHL’s share price also remained invariable for the week at $3.10. PBF was the only security to witness a price movement seeing a negative price return of 0.77%. The price fall resulted in the overall capitalisation of the market to dip 0.13%, which at close of trading on Friday stood at $810,646,769.
The fall in PBF’s share price further resulted in the market capitalisation weighted total return index, STRI to fall 0.13% as well. STRI ended the week at a value of 1917.97. The new order flow on the SPSE order platform saw a slow pattern as well in comparison to prior weeks with an aggregate consideration of $71,948 being recorded during the week under review. The week also saw the total shares on bid increase by 0.05% with the total shares on offer also taking an increase of 1.95%.The SPSE bid to offer ratio closed the week at 1:2. Fiji Television Limited (FTV) continues to rank as the widest bid-offer margin security with a spread of $1.24 while FMF Foods Limited (FMF) still queues as the narrowest bid-offer margin stock with a spread of $0.08.
The listed company market announcements platform remained mostly quiet with three announcements recorded for the week. Kontiki Growth Fund Limited (KGF) announced its net asset value as at 30th June 2013 with VB Holdings Limited (VBH) declaring an interim dividend and submitting the company’s half-yearly financials for the six months ended 30th June 2013.
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