Week in review

Activity picked up slightly on the SPSE e-trading platform this week with the overall capitalisation of the market gaining 0.22% concluding at a value of $775,814,669. In terms of market statistics, an exchange of 14,880 shares in seven transactions was recorded garnering $26,895 in consideration. Concentrating on the securities witnessing trades and on a further assenting note, the radio conglomerate, Communications Fiji Limited (CFM) saw its share price rise to another all-time high of $3.50, gaining 19.05% during the week under review.

The share price for the restricted stock, Fijian Holdings Limited (FHL) dipped $0.03, while the share prices for FMF Foods Limited (FMF) and the market heavy weight, Amalgamated Telecom Holdings Limited (ATH) remained invariable at $0.44 and $0.74 respectively.

The market barometer, SPSE Total Return Index (STRI) also gained 0.22% reflecting an increase in share price for CFM. At close of trading on Friday, STRI stood at 1885.40.

The new order flow behaviour remained akin to the prior week and saw the market recording a total consideration of $40,156, out of which, 89.74% was represented by an interest to purchase securities on SPSE. High volume buy orders were recorded for CFM and ATH, while several other orders emerged for Paradise Beverages (Fiji) Limited (PBF), Fijian Holdings Limited (FHL) and FMF Foods Limited (FMF).

In terms of overall unexecuted orders on the e-trading order platform, the total shares on bid increased by 1.11% while the total shares on offer saw a decrease of 0.55%.The SPSE bid to offer ratio remained unchanged from prior week and closed at 1:2.

Together with ATH, Fiji TV still stands as the narrowest bid-offer margin security with a spread of $0.04 while CFM continues to rank as the widest bid to offer margin security with a spread of $1.30.

The listed company market announcements platform remained quiet recording a single release for the week. FijiCare Insurance Limited (FIL) provided an update to the market regarding its significant business developments in 2013.

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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