Market Overview

A review of the international markets saw the Dow Jones industrial average closing 3.66 points lower with the NASDAQ composite index rising 8.11 points at market close on 2nd October 2014. In the Asia/Pacific region, the broader Australian All Ordinaries index was trading at a value of around 5,300 (+6.70 points) at mid-day on 3rd October 2014. On the local front, the SPSE Total Return Index (STRI) fell 0.41% or 9.10 points over the week to close at a value of 2224.82. The fall in the accumulation index is attributed to the market heavyweight, Amalgamated Telecom Holdings Limited (ATH) dipping $0.01 to close the week at a price of $0.92 while the restricted stock, Fijian Holdings Limited (FHL) and BSP Convertible Notes Limited (BCN) gained 1.47% and 0.28% respectively.

In terms of market statistics, 17 transactions were recorded for the 57,660 shares that exchanged hands garnering $110,933 in value. The overall capitalisation of the market also recorded a dip of 0.41%, which at close of trading on Friday stood at $888,916,419.

The new order flow showed an increased trend from prior week with an aggregate consideration of $134,922 being recorded on the SPSE e-trading platform. New orders were essentially recorded for FHL, ATH, RBG, BCN and PBF.

An analysis of the overall unexecuted orders on the platform saw both the total shares on bid and the total shares on offer falling 4.07% and 2.21% respectively with the SPSE bid to offer ratio remaining unchanged at 1:1.

ATH continues to pose as the narrowest bid-offer margin security with a spread of $0.09 with Fiji TV still standing as the widest bid-offer margin stock having a spread of $0.90.

The SPSE market announcements platform recorded four market releases during the week. FHL submitted the company’s 2014 annual report as well as the notice of its annual general meeting. A further announcement from FHL also saw the company declaring an increased second interim dividend per share of $0.11 for both A and B class shareholders. ATH concluded the week of announcements releasing the notice of its annual general meeting.

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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