THE overall capitalisation of the market rose slightly by 0.01 per cent ending the week at $764,259,391. The rise in the capitalisation value can be attributed to a 0.36 per cent share price increase noted for Fijian Holdings Limited (FHL). In-terms of trading for the week, 4227 shares exchanged hands in eight transactions accumulating $11,580 in consideration.
SPSE Total Return Index (STRI)
The STRI rose 0.23 points or 0.01 per cent during the week under review. The accumulation index saw a positive price return during the week due to a $0.01 price return generated by Fijian Holdings Limited.
(FHL) and ended the week with a value of 1729.74.
Trades Over The Week
FHL was the only stock to witness a price rise during the week closing $0.01 higher. The security saw trades of 4077 shares exchanging hands in seven transactions collecting $11,253 in consideration. The stock has a bid to ask spread of $0.13 with the most lucrative bid placed at $2.76.
Still trading at an all-time high share price of $2.18, Communications Fiji Limited (CFM) saw a single trade of 150 shares accumulating $327 in value. The security is bid-only with the best bid place at $2.10.
Other Market Highlights
CFM and RB Patel Group Limited (RBG) still stood as bid only stocks while three securities stood as offeronly stocks at the end of trading today. The volume of securities on bid rose by 4.40 per cent and the total volume of securities on offer rose slightly by 0.01 per cent. Fosters Group Pacific Limited (FGP) still ranks as the widest bid-offer margin security with a spread of $4.18 with BSP Convertible Notes Limited (BCN) posing as the narrowest bid to offer margin security with a spread of $0.05.
Two announcements were released during the week. BCN released the Annual Report for its parent company, BSP PNG and Amalgamated Telecom Holdings Limited (ATH) announced the retirement of Mr
Lionel Yee as Chairman for Vodafone Fiji Limited.
SPSE lunch hour seminars at DeVos on the Park, Suva on Wednesday, 16th May 2012 from 1pm to 2pm. Seminar is free of charge however registration is vital.