Week in Review
The statistics for this week at close of trading today stood at 10,440 and $12,012 for the volume and the value traded respectively. Three securities witnessed trades, namely; the market heavy weight, Amalgamated Telecom Holdings Limited (ATH), the restricted security, Fijian Holdings Limited (FHL) and Fiji Television Limited (FTV). ATH was the only security to witness a price movement as the share price dipped $0.01 to end the week at $0.80. This resulted in the overall capitalisation of the market to descend by 0.54 per cent concluding the week at a value of $779,128,935. The overall order flow for the week stood at $20,203.
The SPSE Total Return Index (STRI) fell 0.53 per cent ending the week at 1780.33. The fall in the market capitalisation weighted total return index is because of a negative price return generated by ATH of 1.23 per cent.
The index also witnessed a dividend return 0f 2.00 per cent generated by the $0.06 per share dividend declared by VB Holdings Limited (VBH) in late August.
The dividends will be paid out to the shareholders on 20th September 2012.
Other Market Highlights
There are still four bid-only and five offer-only securities on the market at the end of trading today (yesterday). FGP still ranks as the widest bid-offer margin security with a spread of $4.14 with ATH continuing to pose as the narrowest bid to offer margin security with a spread of $0.01.
Market Releases
There were two market releases for the week. Kontiki Growth Fund Limited (KGF) announced the net asset value of the company as at 31st August 2012 and ATH released its stakeholder briefing presentation.