SPSE CEO Jinita Prasad. File Photo.
Week in Review
The overall trading pattern on the SPSE electronic trading platform remained akin to the trading activities of previous week. With five listed stocks witnessing trades this week, 6,731 shares exchanged hands in 10 transactions accumulating $20,655 in consideration.
The overall capitalisation of the market took a dip of 0.01% following the negative share price return of 0.08% generated by Paradise Beverages (Fiji) Limited (FGP).
The market capitalization at the end of the week stood at $801,671,456.
The descending share price of FGP further resulted in the SPSE Total Return Index (STRI) to fall 0.01%, which at close of trading on Friday stood at 1865.62. Listed stocks that traded but did not witness any price movements were; Amalgamated Telecom Holdings Limited (ATH), Fijian Holdings Limited (FHL), Pleass Global Limited (PBP) and RB Patel Group Limited (RBG). Finally, the new order flow on the trading platform saw an increase this week as an aggregate consideration of $76,300 was recorded compared to an aggregate consideration of $40,192 last week.
Paradise Beverages (Fiji) Limited (FGP) remains the widest bid-offer margin security with a spread of $4.14 with Amalgamated Telecom Holdings Limited (ATH) now ranking as the narrowest bid to offer margin security with a spread of $0.07.
On the listed company market announcements platform, two press releases were received by the Exchange. VB Holdings Limited (VBH) released the notice of its Annual General Meeting while ATH declared an interim dividend of 1.5 cents per share. The ATH shares will be market Ex-Benefit from 18th March 2013 until 26th March 2013 while the shareholders will be paid their share of dividends on 27th March 2013.
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