TRADING SUMMARY FOR THE WEEK ENDED 9th May, 2008
Trades Over The Week
The overall capitalisation of the market rose by 0.14% closing the week at $859,509,416 compared to $858,337,295 the previous week. Rise in share price of RB Patel Group Limited (RBG) by 4.0% led to the appreciation of the overall market capitalisation.
Total volume of shares traded stood at 21,251 valued at $52,994 compared to 88,612 shares being traded valued at $183,562 the previous week. A total of three out of sixteen securities traded during the week compared to six the prior week.
Price Gainers
Trading 1,952 shares in one transaction, RB Patel Group Limited (RBG) witnessed its share price rising six cents to close at $1.56 with an increase of six cents. The stock has best bid placed at $1.57 and best offer at $2.00.
Price Falls
Fijian Holdings Limited (FHL) witnessed 18,673 shares trading in seventy five transactions shedding 2.62% to close the week at $2.23. The high number of trades was a result of dividend reinvestment by various shareholders directly through trades executed on the board. The stock now has best bid placed at $2.23 and best offer placed at $2.24.
No Movements
Although Fosters Group Pacific Limited (FGP) witnessed exchanging of 626 shares in three transactions, the share price remained at $13.00 with no change for the week. The stock has best bid at $11.50 and best offer at $13.00.
Both the total shares on bid and the total shares on offer rose by 0.67% and 15.91% respectively. There is currently one bid-only stock 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 Fijian Holdings Limited (FHL) spots as the narrowest bid-offer margin stock.
A total of two market releases were made during the week. Fiji Sugar Corporation Limited (FSC) announced reorganization of its operations to better position itself to meet the challenges ahead. Amalgamated Telecom Holdings Limited (ATH) made a market announcement regarding restructure of its investment holdings.
For further information, please feel free to contact us on 330 4130.
Jinita Prasad
Chief Executive
