Week in review
The overall activity on the SPSE e-trading platform picked pace as an aggregate volume of 148,862 shares exchanged hands garnering $147,371 in consideration while recording 26 transactions during the week under review. Amongst the price gainers for this week were; the market heavyweight, Amalgamated Telecom Holdings Limited (ATH), supermarket chain, RB Patel Group Limited (RBG), FMF Foods Limited (FMF) and Pleass Global Limited (PBP). ATH gained 2.27% to close the week of trading at $0.90 while RBG rose to another all-time high share price of $2.74. FMF gained 5.77% with its share price standing at $0.55 at close of trading on Friday with PBP also being in the price gainer list recording an increase of 4.44% in its share price to conclude the week at $0.94. Two other listed stocks to witness trades without any price movements were; Atlantic & Pacific Packaging Company Limited (APP) and the restricted stock, Fijian Holdings Limited (FHL). Paradise Beverages (Fiji) Limited (PBF) was the only stock to record a share price drop. PBF saw its share price falling 3.23% to close at $10.50.
The overall capitalisation of the market rose by 1.25% to close the week at a value 872,029,790 with the market barometer, SPSE Total Return Index (STRI) also seeing an increase of 1.60% to end at a value of 2182.24. Together with the price returns, STRI also reflects the dividend impact of 3.70% generated by RBG. The dividend per share of $0.10 declared earlier will be paid to the RBG shareholders on 2nd September 2014.
The new order flow analysis shows signs of optimism amongst investors with an aggregate consideration of $348,146 being recorded for the week under review. The high order flow consideration is attributed to few high volume orders recorded for PBP, FMF, FIL and PBF which also indicates participation of few institutional investors in the market activity for this week.
In terms of overall unexecuted orders on the e-trading orders platform, the total shares on bid fell by 2.87% with the total shares on offer also falling slightly by 0.04%. The SPSE bid to offer ratio remained unchanged from prior week and closed at 1:1.
ATH now stands as the narrowest bid-offer margin security with a spread of $0.06 while Fiji Television Limited (FTV) still poses as the widest bid-offer margin stock having a spread of $0.97.
The SPSE market announcements platform recorded several market releases for this week. ATH announced its first quarter financial results as at 30th June 2014 while Pleass Global Limited (PBP), Kontiki Growth Fund Limited (KGF), Communications (Fiji) Limited (CFM), Pacific Green Industries (Fiji) Limited (PGI), FijiCare Insurance Limited (FIL) and PBF submitted their half yearly financial results for the six months ended 30th June 2014. BSP Convertible Notes Limited (BCN) also submitted the half year accounts for BSP PNG and updated the market regarding an interim dividend for BSP PNG. RBG submitted the company’s annual report for the year ended 30th June 2014. VB Holdings Limited (VBH) announced changes in key personnel with the appointment of Mr Sharad Oulkar as the new Financial Controller. Fiji Television Limited (FTV) concluded the week of announcements updating the market regarding changes to its board of directors.
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