TRADING SUMMARY FOR THE WEEK ENDED 29th May, 2008
Trades Over The Week
Decline in trading activities was witnessed in this four day week with only 4,680 shares exchanging hands in eight transactions raking in a total consideration of $8,550.
The overall market capitalisation fell slightly this week by 0.01% to close the week at $880,549,306 as compared to $880,653,952 the previous week. The drop in share price of Fijian Holdings Limited (FHL) by 0.45% led to the decline in the market capitalisation.
A total of two out of sixteen securities traded during the week compared to six the prior week.
Price Gainers
None
Price Falls
Fijian Holdings Limited (FHL) traded a total volume of 3,230 shares, shedding one cent to close the week at $2.19. The stock is ranked as offer-only with best offer placed at $2.18.
No Movements
Although Amalgamated Telecom Holdings Limited (ATH) witnessed an exchange of 1,450 shares in three transactions, the share price remained at $1.00 with no change for the week. The stock has best bid at $1.01 and best offer at $1.04.
Both the total shares on bid and the total shares on offer rose by 0.75% and 1.36% respectively. There is currently one bid-only stock and two offer-only stocks on the trading board. The bid to offer ratio remains at 1:1. Foster’s Group Pacific Limited (FGP) still ranks as the widest bid-offer margin stock while Amalgamated Telecom Holdings Limited (ATH) spots as the narrowest bid-offer margin stock.
There were a total of three market announcements made during the week. Atlantic & Pacific Packaging Company Limited (APP), Flour Mills of Fiji Limited (FMF) and Rice Company of Fiji Limited (RCF) declared an interim dividend for the year 2007-2008 of 2.5 cents, 2.0 cents and 17.0 cents per share respectively. Kontiki Growth Fund Limited (KGF) made a market announcement regarding the company’s net asset value as at 30th April 2008. Flour Mills of Fiji Limited (FMF) made a market announcement regarding the company’s decision to go ahead with its investment plans.
For further information, please feel free to contact us on 330 4130.
Jinita Prasad
Chief Executive
