TRADING SUMMARY FOR THE WEEK ENDED 23rd May, 2008
Trades Over The Week
The stock market this week witnessed an improvement in overall trading patterns. Significant improvement in market capitalisation by 2.48% was driven by the rise in share price of Amalgamated Telecom Holdings Limited (ATH) by 5.26%. The overall capitalisation of the market stood at $880,653,952. The increase in share price of Communications Fiji Limited (CFM) by 1.35% also contributed to the progression of the overall market capitalisation.
Total volume of shares traded closed the week at 46,365 compared to 19,154 shares last week. The total turnover in consideration also totalled to $87,875 compared to $34,843 in the previous week.
A total of six out of sixteen securities traded during the week compared to four the prior week.
Price Gainers
Market heavy weight, Amalgamated Telecom Holdings (ATH) saw its share price rising five cents to close the week at $1.00 as 9,500 shares traded in 9 transactions. The stock has best bid at $0.97 and best offer at $1.00. Communications Fiji Limited (CFM) saw 6,500 shares exchanging hands in four transactions driving the share price to $1.50 with an increase of 1.35%. The stock has best bid at $1.50 and best offer at $1.83.
Price Falls
None
No Movements
Although Fosters Group Pacific Limited (FGP) witnessed exchanging of 299 shares in one transaction, the share price remained at $13.00 with no change for the week. The stock has best bid at $13.00 and best offer at $16.00.
Fiji Sugar Corporation (FSC) witnessed an exchange of 1,371 shares in a single transaction, yielding a turnover of $466. The stock has best bid at $0.34 while the best offer is at $0.40 on the trading board.
Fiji Television Limited (FTV) observed 977 shares trading at the current market price of $3.36 accumulating an aggregate consideration of $3,283. The stock has best bid placed at $3.36 while the best offer is placed at $4.00.
On the Restricted Board, Fijian Holdings Limited (FHL) observed 27,718 shares being executed in fourteen transactions with the share price perching at $2.20. The stock has best offer at $2.20 with no bids on the trading board.
The total shares on bid rose by 3.88% while the total shares on offer took a slight dip of 3.43%.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 Amalgamated Telecom Holdings (ATH) spots as the narrowest bid-offer margin stock.
There were three market announcements made during the week. South Pacific Stock Exchange (SPSE) made a press release regarding the Annual Report Competition and also made a press release regarding additional quotation of 269,742 FIL Shares. Amalgamated Telecom Holdings (ATH) made a market announcement regarding restriction on trading of it’s shares on the SPSE.
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Jinita Prasad
Chief Executive
