TRADING SUMMARY FOR THE WEEK ENDED 27th June, 2008
Trades Over The Week
The SPSE trading floor regained some momentum this week with a total of 15 trades in three securities compared to only seven trades executed in two securities last week. The Exchange witnessed a total volume of 32,058 shares being traded compared to only 6,852 shares the prior week. The overall turnover also increased this week to close at $56,180 as compared to $10,877 the prior week.
Rise in share price of market heavyweight, Amalgamated Telecom Holdings Limited (ATH) by 1.96% led to the appreciation of the overall market capitalisation by 0.92% to end the week at $903,263,561 as compared to $895,030,756 the previous week.
Price Gainers
ATH was the only stock to have experienced an upward movement in the share price. Opening the week at $1.02, ATH share price rose by two cents to close the week at $1.04 with the stock having best bid and best offer at $1.01and $1.05 respectively.
Price Falls
On the Restricted Board, Fijian Holdings Limited (FHL) witnessed 9,958 shares being executed with the share price shedding two cents culminating at $2.16 at the end of the week. The stock has best bid at $2.00 and best offer at $2.16.
No Movements
Fiji Television Limited (FTV) witnessed 5,000 shares trading at the current market price of $3.36 yielding an aggregate consideration of $16,917 in five transactions. The stock has best bid placed at $3.36 while the best offer is placed at $3.75.
The total shares on bid this week dipped by 0.29% while the total shares on offer rose by 1.21%.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 RB Patel Group Limited (RBG) positions as the narrowest bid-offer margin stock.
There were a total of three market announcements made during the week. All three market announcements were made by FHL regarding the change in chairmanship, changes in its board representatives and a further market announcement clarifying the board and senior management changes to the group.
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Jinita Prasad
Chief Executive
