TRADING SUMMARY FOR THE WEEK ENDED 20th June, 2008
Trades Over The Week
The Exchange witnessed another four day week with the trading floor remaining saggy after witnessing considerable level of trading over the past two weeks. The week began with Fijian Holdings Limited (FHL) being temporarily suspended on the trading floor for a day by South Pacific Stock Exchange (SPSE) due to lack of disclosure on the reshuffle of its board. This suspension was however lifted on the next trading day after FHL clarified the issue. Total volume of shares traded stood at 6,852 valued at $10,877 compared to 137,815 shares being traded valued at $233,888 the previous week. Only two securities traded during the week compared to three the prior week.
However, the overall capitalisation of the market rose slightly by 0.02% closing the week at $895,030,756 compared to $894,821,463 the previous week. Rise in share price of FHL by 0.93% led to this appreciation in the overall market capitalisation.
Price Gainers
FHL was the only stock to have witnessed an appreciation in its share price. Total volume of shares traded stood at 3,352 raking in a total consideration of $7,307. The stock closed the week at $2.18, two cents above the opening share price with best bid and offer placed at 2.16 and $2.20 respectively.
Price Falls
None
No Movements
Market heavyweight, Amalgamated Telecom Holdings Limited (ATH) witnessed an exchange of 3,500 shares in a single transaction with the share price remaining unchanged at $1.02.The stock has best bid at $1.01 and best offer at $1.02.
Both the total shares on bid and total shares on offer rose this week by 1.59% and 0.59% respectively. There is currently one bid-only stock and one offer-only stock 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 ATH spots as the narrowest bid-offer margin stock.
There were a total of six market announcements made during the week. FGP made a market announcement regarding the declaration of interim dividend of 25 cents per share for the 10 months ended 30th April, 2008. RB Patel Group Limited (RBG) announced the notice of Annual General Meeting of the company to be held on 8th August, 2008 at the SPSE office. FHL made a market announcement regarding changes to its board and a further market announcement regarding their response to suspension in trading of FHL shares.
South Pacific Stock Exchange (SPSE) did a press release regarding the suspension of trading in FHL and a subsequent release uplifting the suspension in trading on the next day.
For further information, please feel free to contact us on 330 4130.
Jinita Prasad
Chief Executive
