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Fiji Time: 10:19 PM on Tuesday 21 May

/ Front page / Business

An all-time high

Geraldine Panapasa
Monday, October 01, 2012

SUPERMARKET chain RB Patel Group Limited (RBG) rose to a new all-time high with a share price of $2.13 while market heavy-weights Amalgamated Telecom Holdings Limited and Kontiki Growth Fund Limited (KGF) recorded variations on the South Pacific Stock Exchange e-trading platform last week.

The trading summary for the week ending September 28 noted 11,217 shares exchanged hands garnering $10,020 in consideration.

"KGF gained 16 per cent in its share price while ATH fell $0.01 ending the week at a last trade price of $0.80. In aggregate, the overall capitalisation of the market descended 0.48 per cent ending the week at a value of $779,428,935," the updated said.

"The SPSE Total Return Index took a dip of 0.42 per cent ending the week at 1801.18.

"The fall in the market capitalisation weighted total return index reflects the negative price return from ATH, positive price returns for RBG and KGF as well as the dividend return of 1.6 per cent generated by Toyota Tsusho (South Sea) Limited for the $0.03 per share dividend declared earlier in September."

The overall order flow remained weak compared to the previous week as $4730 worth of new orders was recorded on the trading platform during the week under review.

SPSE chief executive Jinita Prasad said at the close of trading on Friday, the market had four bid-only securities and five offer-only securities with ATH posing as the narrowest bid-offer margin security with a spread of $0.01.