TRADING SUMMARY FOR THE WEEK ENDED 18th APRIL, 2008
Special crossing of 50.2% in RBG shares dominated the trading activities this week resulting in a sharp leap in overall volume and value of shares traded.
Total volume of shares traded closed the week at 15,099,218 compared to 119,192 shares last week. The total turnover in consideration also totalled to $21,131,730 compared to $247,070 in the previous week.
Upward movement in share price of Amalgamated Telecom Holdings (ATH) by 1.09% and Fiji Television Limited by 0.30% heightened the overall market capitalisation by 0.47%.
Trades Over The Week
Price Gainers
Market heavy weight, Amalgamated Telecom Holdings (ATH) saw its share price rising one cent to close the week at $0.93 as 2,550 shares traded in 3 transactions. The stock has best bid at $0.93 and best offer at $1.00.
Fiji Television Limited observed 1,735 shares exchanging hands valued at $5,830 in four transactions driving the share price up to $3.36 with an increase of 0.30%. The stock has best bid at $3.00 and best offer at $3.36.
Price Falls
Fijian Holdings Limited (FHL) saw its share price dropping by 1.23% to close the week at $2.41 with 8,708 shares trading in four transactions. Trading at its 52 week low of $2.41, FHL has best offer only at $2.40.
No Movements
FHL Retailing Limited completed its partial takeover of RB Group Limited in a series of special crossing transactions totalling to 15,060,000 shares valued at $21,084,000, the share price remains at $1.50 with best bid at $1.50 despite the special crossing happening at $1.40 with best bids at $1.50 and best offer at $2.00. Fijicare Insurance Limited saw 1,225 shares trading in a single transaction this week with no change in its share price of $0.65 and is now best bid at the same price. Flour Mills of Fiji Limited observed a trade of 25,000 shares in a single transaction this week with no modification in its share price of $0.70 leaving the best bid identical to the share price.
The total number of shares on bid this week increased by 0.25% while the total number of shares on offer has once again dropped by 1.52%. There is only one bid-only stock and three offer-only stocks on the trading board now. The bid to offer ratio remains unchanged at 1:1. Foster’s Group Pacific Limited (FGP) still ranks as the widest bid-offer margin stock while Fiji Sugar Corporation (FSC) lines as the narrowest bid-offer margin stock with a spread of two cents.
A total of three market releases were made during the week. Communications Fiji Limited (CFM) submitted the Company’s Annual Report for the financial year ended 31st December 2007. FHL and RB Group Limited separately announced completion of partial takeover offer by FHL Retailing Limited of 50.2% in RBG.
For further information, please feel free to contact us on 330 4130.
Jinita Prasad
Chief Executive
