TRADING SUMMARY FOR THE WEEK ENDED 25th APRIL, 2008
Trades Over The Week
The overall capitalisation of the market rose by 0.39% closing the week at $855,221,252. Rise in share price of market heavyweight, Amalgamated Telecom Holdings Limited (ATH) by 1.08% led to the appreciation of the overall market cap.
The trading floor became quieter after witnessing one of the biggest trades in history last week. Total volume of shares traded stood at 65,700 valued at $756,535 compared to 15,099,218 shares being traded valued at $21,131,730.
Total of 3 out of 16 stocks traded this week compared to six the prior week.
Price Gainers
Trading 3,200 shares in two transactions, Amalgamated Telecom Holdings Limited (ATH) witnessed its share price rising one cent to close at $0.94. The stock has best bid and offer placed at $0.94 and $1.00 respectively.
Price Falls
Pacific Green Industries Limited (PGI) traded after 6 months with 58,000 shares exchanging hands at $2.10, down by 2.33% to close at $2.10. Fijian Holdings Limited (FHL) traded a parcel of 4,500 shares in two transactions falling by five cents to close the week at $2.36. The stock is ranked as offer-only with best offer placed at $2.31.
No Movements
None
The total number of shares on bid this week increased by 0.91% compared to the previous week, while the total number of shares on offer dropped by 4.55%. There are currently no bid-only stocks and three offer-only stocks on the trading board. The bid to offer ratios remains at 1:1. Foster’s Group Pacific Limited (FGP) till ranks as the widest bid-offer margin stock while RB Patel Group Limited (RBG) positions as the narrowest bid-offer margin stock with a spread of a single cent.
A total of three market releases were made during the week. Communications Fiji Limited (CFM) announced resolutions passed at the Company’s Annual General Meeting. Kontiki Growth Fund (KGF) submitted the Company’s Annual Report for the financial year ending 31st December 2007. Fijian Holdings Limited (FHL) announced changes made to the Company’s Management.
For further information, please feel free to contact us on 330 4130.
Jinita Prasad
Chief Executive
