TRADING SUMMARY FOR THE WEEK ENDED 2nd May, 2008
Trades Over The Week
Enhancement in trading activities continued this week with 88,612 shares trading in twenty transactions. Total consideration reached $183,562 compared to $135,428 the previous week. A total of six securities traded during the week compared to three the prior week.
Upward movement in share price of market heavyweight, ATH and VBL by 1.06% and 2.39% respectively has heightened the overall market capitalisation by 0.36% to end the week at $858,337,295 compared to $855,221,252 the previous week.
Price Gainers
Trading 1,900 shares in three transactions, Amalgamated Telecom Holdings (ATH) witnessed its share price rising one cent to close at $0.95 with an increase of 1.06%. The stock has best bid placed at $0.95 and best offer at $1.00. VB Holdings Limited (VBL) saw 1,000 shares exchanging hands in a single transaction driving the share price to $3.00 with an increase of 2.39%. The stock is bid-only at $2.93.
Price Falls
The largest price fall out of the stocks traded was witnessed by Fijian Holdings Limited (FHL). Trading an aggregate of 24,567 shares, the stock experienced a seven cents drop in share price closing at $2.29. The stock has best offer at $2.26 and closed the week once again with no bids.
Communications Fiji Limited (CFM) saw its share price shedding a single cent to close the week at $1.45. The stock saw 1,500 shares exchanging hands in two transactions valued at $2,175. The stock has best bid at $1.40 and best offer at $1.60.
Also witnessing a downward movement in share price was Fiji Sugar Corporation (FSC). The stock observed trades worth $957 in two transactions bringing the share price down one cent to close at $0.34.
No Movements
Although Pacific Green Limited (PGI) witnessed exchanging of 56,830 shares in four transactions, the share price remained at $2.10 with no change for the week. The stock has best bid at $2.08.
The total shares on bid this week rose by 0.50% while the total shares on offer continued to drop by 6.16%. There are currently two bid-only stocks and two offer-only stocks on the trading board. The bid to offer ratios remains at 1:1. Foster’s Group Pacific Limited (FGP) still ranks as the widest bid-offer margin stock while Fiji Sugar Corporation (FSC) and RB Patel Group Limited (RBG) position as the narrowest bid-offer margin stocks.
A total of seven market releases were made during the week. Communications Fiji Limited (CFM) announced Unwired Fiji’s move to local management and strong 1st quarter results. Pacific Green Limited (PGI) submitted the Annual Report for the year ended 31st December 2007 and announced the Notice of Annual General Meeting. Yaqara Group Limited (YGL) submitted their Financial Report for the period ended 31st March 2008. Kontiki Growth Fund (KGF) announced the Company’s Net Asset Value as at 31st March 2008. RB Patel Group Limited (RBG) declared second interim dividend of 10 cents per share for the financial year ended 31st March 2008.
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Jinita Prasad
Chief Executive
