TELECOMMUNICATIONS giant Amalgamated Telecom Holdings Limited (ATH) recorded a share price increase of 11.25 per cent escalating the overall capitalisation of the market to over $817.206m at the close of trading yesterday.
This, according to South Pacific Stock Exchange chief executive Jinita Prasad, marked an increase of 4.85 per cent during the week under review.
"The SPSE e-trading platform was lively this week as an exchange of 97,054 shares was recorded garnering an aggregate consideration of $80,473," she said in the weekly trading summary report.
"Future Forests (Fiji) Limited (FFF) also witnessed trades this week together with FMF Foods Limited (FMF) and Fiji Television Limited (FTV).
"The overall order of flow also noted a surge from the prior weeks as a total of $115,281 worth of new orders was recorded on the platform this week."
In terms of the SPSE barometer, STRI rose 4.85 per cent and stood at 1888.48 at close of trading. The total return index, according to the report, noted an increase because of the rise in the share price for the market heavyweight ATH.
She said majority of the orders were represented by an interest to purchase securities on the SPSE. ATH was the only stock to witness an increase in share price this week.
"The share price rose $0.09 to close the week at $0.89. ATH is also ranked the narrowest bid to offer margin security having a spread of $0.09 with the most lucrative bid placed at $0.80," Ms Prasad said.
"FFF was the only stock to witness a price fall this week. The share price at close of trading yesterday stood at $0.80 after an exchange of 16,933 shares was recorded on the platform."
Meanwhile, there were still four bid-only and four offer-only securities on the market at the end of trading with Foster's Group Pacific Limited ranking as the widest bid-offer margin security with a spread of $4.12.