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Fiji Time: 3:04 PM on Saturday 25 May

/ Front page / Business

E-trading platform steady despite slow trade

Frederica Elbourne
Saturday, July 07, 2012

DESPITE the overall trading remaining slow in comparison to the week prior, the order flow on the e-trading platform continued at a healthy rate as $114,690 worth of new orders was registered.

Out of the aggregate order flow, 69.74 per cent was represented by an interest to purchase shares.

The trading statistics stood at 16,583 for the quantity traded which accumulated $32,665 in consideration.

Out of the 18 securities listed, five securities witnessed trades this week.

The overall capitalisation of the market took a dip of 0.02 per cent this week after BSP Convertible Notes Limited (BCN) saw a price fall of $0.04.

However, the SPSE Total Return Index (STRI) rose 0.04 per cent after the dividend per share of $0.05 declared by Pacific Green Industries (Fiji) Limited (PGI) reached its record date generating a 2.38 per cent dividend return towards the accumulation index.

There are now two bid-only and five offer-only securities on the market at the end of trading yesterday with the total volume of securities on bid rising by 8.47 per cent and the total volume of securities on offer falling by 1.52 per cent.

Foster's Group Pacific Limited (FGP) still ranks as the widest bid-offer margin security with a bid to ask spread of $4.18 with Amalgamated Telecom Holdings Limited (ATH) still posing as the narrowest bid to offer margin security with a spread of $0.05.

On the announcements platform this week Fijian Holdings Limited (FHL) announced the change of trustees for Fijian Holdings Unit Trust.

Fiji Television Limited (FTV) announced six months' extension for its existing broadcast license.

PGI released a statement mentioning a minor fire incident at their premises and finally, ATH released the company's full audited financial statements for the year ended 31st March 2012.