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SPSE Weekly Summary for the week ended 26th March 2010

26/03/2010
 

 

TRADING SUMMARY FOR THE WEEK ENDED 26TH MARCH 2010
 
The trading floor remained saggy during the week as the Exchange witnessed a total volume of 5,285 shares being traded garnering an aggregate consideration of $7,038 compared to a consideration amount of $7,133 the prior week. Three securities traded in four transactions during the week under review.
 
The overall capitalisation of the market dipped by 1.42% to close the week at $867,430,306. The fall in the market capitalisation is entirely due to fall in the share price of the market heavy weight, Amalgamated Telecom Holdings Limited (ATH) by $0.03.
 
SPSE Total Return Index (STRI)
 
The week began with the STRI at 1886.04 and remained constant over the first three days of the week due to no movements in the share prices of the securities and with no securities reaching the close of register date for their dividends. The index fell 1.44% on Thursday due to a negative price return generated by ATH. An increase of 0.02% was witnessed at close of trading today due to a positive price return gained through a rise in the share price of radio conglomerate, Communications Fiji Limited (CFM) by 2.34%.The STRI closed the week at 1859.21.


 
Trades Over The Week
 
Price Gainers
 
CFM was the only price gainer for the week. The security closed the week at $1.75 witnessing a single trade of 1,500 shares accumulating $2,625 in consideration. The stock has a bid to offer spread of $0.08 with the most lucrative bid placed at $1.71.
 
 
Price Falls
 
Trading an aggregate of 3,000 shares garnering $3,000 in consideration, ATH experienced a $0.03 drop in its share price closing the week at $1.00. The stock has best bid placed at $1.00 and best offer at $1.01.
 
 
No Movements
 
The supermarket chain, RB Patel Group Limited (RBG) traded in one transaction with 785 shares exchanging hands accumulating $1,413 in value. The stock has best bid and best offer placed at $1.76 and $1.80 respectively.
 
Other Market Highlights
 
The bid to offer ratio changed to 1:11. The change in the bid to offer ratio is due a large sell parcel being placed on the board in Kontiki Growth Fund Limited (KGF). There is still one bid-only stock and now a single offer-only stock on the trading board. Both the total shares on bid and on offer rose by 3.98% and 69.41% respectively. ATH together with PBP now rank as the narrowest bid-offer spread stock with a stretch of $0.01 with FGP and VB Holdings Limited (VBL) combining to pose as the widest bid to offer spread stock with a difference of $2.00.
 
Listed Company Market Announcements
 
There were three market releases made during the week. Fijian Holdings Limited (FHL) announced the movement of their registry to FHL Trust Management Ltd and a market release announcing additional acquisition of New World Limited shares. Fiji Television Limited (FTV) announced the re-alignment of its content generating functions and also announced that Tukaha Mua is now going to head the newsroom.
 
For further information, please feel free to contact us on 330 4130.
 
 
 
Market Statistics

 

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