DESPITE a fall of 3.36 per cent recorded in the overall capitalisation of the market, the trading activity during the week vastly improved as compared to the week before.
A total of 174,241 securities exchanged hands in 20 transactions accumulating $127,400 in consideration.
Last week a single transaction was executed with 500 shares exchanging hands collecting $1380 in consideration.
Also demonstrating interest in the SPSE, new orders to buy and sell came into the market at a healthy rate: $293,153 worth of new orders were registered on the trading platform and 45.4 per cent of this consideration in order flow was represented by orders to buy shares.
In addition, the converting notes in Future Forests Fiji witnessed its first trade since listing in late 2011;the trade happened at 1 per cent above the offer price.
SPSE Total Return Index
The week started with the market witnessing negative price returns from APP (-7.79 per cent), ATH (-6.67 per cent) and FMF (-6.52 per cent) and a positive price return from FHL (+0.36 per cent).
In aggregate, the total return index fell 3.40 per cent on the first day of trading because of these price changes.
After remaining stable on Tuesday, STRI rose 0.002 per cent on Wednesday after Future Forests (Fiji) Ltd Convertible Notes generated a positive price return of 1.00 per cent. The index remained unchanged on Thursday while at close of trading yesterday, STRI rose 0.04 per cent after a positive price return was generated by RB Patel Group Limited (RBG). The STRI closed the week at a value of 1671.65.
The supermarket chain, RBG reached another all-time high share price of $2.10. The stock traded in two transactions with 2,000 shares exchanging hands.
The restricted security, Fijian Holdings Limited (FHL) saw an increase of 0.36 per cent in its share price closing the week at $2.77.
The stock traded in four transactions with 2,441 shares accumulating $6,762 in consideration.
The stock has a bid to offer spread of $0.12 with the most lucrative bids placed at $.277. Furthermore, after listing in November 2011, FFFN saw its first trade ever with the share price rising 1.00 per cent.
The stock traded 300 convertible notes collecting $303 in value.
Atlantic & Pacific Packaging Company Limited (APP) traded in two transactions and witnessed a price fall of $0.06 closing the week at $0.71.
The market heavyweight, ATH also took a dip of $0.05 closing the week at $0.70.
Finally, FMF Foods Limited (FMF) also saw a fall of $0.03 closing the week at $0.43.
Other Market Highlights
There are still two bid-only and four offer-only securities on the market at the end of trading yesterday.
Foster's Group Pacific Limited (FGP) still ranks as the widest bid-offer margin security with a spread of $4.18 with FMF posing as the narrowest bid to offer margin security with a spread of $0.05.
There were seven market releases for the week. BCN released an announcement regarding the BSP PNG final dividend.
Pleass Beverages & Packaging Limited (PBP) announced final dividend and provided an update on its Annual General Meeting.