Market Activity Review

The week of trading activities on the SPSE platform concluded with the overall capitalisation of the market gaining 0.34% concluding at a value of $892,552,936. The rise in the market value is attributed to the 3.45% share price increase recorded by FMF Foods Limited (FMF). FMF ended the week at a price of $0.60. Two other securities witnessing trades as well, however, without any price movements, were the radio and entertainment conglomerate, Communications (Fiji) Limited (CFM) and the security with conditions, Fijian Holdings Limited (FHL).

In aggregate, 33,235 shares exchanged hands in six transactions accumulating $29,109 in value.

The SPSE Total Return Index (STRI) also gained 7.51 points or 0.34% due to the positive price return generated by FMF. At close of trading on Friday, STRI ended at a value of 2233.92.

The new order flow analysis showed a consideration of $75,098 being accumulated for the week which was mainly driven with buy interests in several listed stocks. Paradise Beverages (Fiji) Limited (PBF), Communications (Fiji) Limited (CFM), Amalgamated Telecom Holdings Limited (ATH), RB Patel Group Limited (RBG), BSP Convertible Notes Limited (BCN), Atlantic & Pacific Packaging Company Limited (APP) and FijiCare Insurance Limited (FIL) were securities recording new orders for the week under review.

In terms of overall unexecuted orders on the e-trading orders platform, the total shares on bid rose by 3.02% while the total shares on offer fell by 3.99%.The SPSE bid to offer ratio remained unchanged from prior week and closed at 1:1.

ATH now poses as the narrowest bid-offer margin security with a spread of $0.03 with Fiji TV standing as the widest bid-offer margin stock having a spread of $0.93.

The SPSE market announcements platform recorded three market releases during the week. BCN declared an interim dividend of $0.1540 for the six months ended 30th June 2014 with Fiji TV submitting the company’s 2014 Annual Report and Toyota Tsusho (South Sea) Limited (TTS) declaring an interim dividend of $0.10 per share for the five months ended 31st August 2014.

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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