TRADING SUMMARY FOR THE WEEK ENDED 4th July, 2008
Trades Over The Week
Trading on the SPSE trading floor intensified this week as the exchange witnessed a total volume of 63,200 shares being traded compared to only 32,058 shares the prior week. The overall turnover closed on a positive note with overall consideration amounting to $72,570 compared to $56,180 the previous week.
Rise in share price of RB Patel Group Limited (RBG) by 4.37% led to the appreciation of the overall market capitalisation. Upward movement in share price of market heavy weight, Amalgamated Telecom Holdings (ATH) further contributed to the rise in the market capitalisation. The appreciation in share price of these two securities has heightened the overall market capitalisation by 0.70% to end the week at $909,584,610 as compared to $903,263,561 the previous week.
Price Gainers
Amongst the two price gainers, RBG stood high witnessing an appreciation of seven cents in its share price closing the week at $1.67. The stock saw 10,500 shares trading in a single transaction being valued at $17,535. ATH also added to the radiance of trading activities this week witnessing total trades of 52,700 shares yielding a consideration of $55,035. The stock has best bid at $1.04 and best offer at $1.06.
Price Falls
None
No Movements
The total shares on bid rose this week by 8.29% while the total shares on offer dipped by 3.22%.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 poses as the narrowest bid-offer margin stock.
There were a total of seven market announcements made during the week. RBG announced the appointment of new directors and released an amended notice of Annual General Meeting. Fijian Holdings Limited (FHL) announced the reallocation of FHL management team within the FHL group. ATH announced a record profit and submitted the company’s audited financial statements for the year ending 31st March 2008. ATH further announced that Vodafone Fiji achieves milestone with 600,000 mobile connections on its 14th anniversary. Kontiki Growth Fund (KGF) announced the company’s net asset value as at 31st May 2008. Fiji Television Ltd (FTV) announced that FTV seals exclusive 3-year deal with Vodafone Hibiscus and finally Communications Fiji Limited wrapped the week announcing that it’s radio stations dominate the 2008 Tebbutt Research Media Survey.
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Jinita Prasad
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