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Fiji Time: 5:46 PM on Monday 20 May

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Market capitalisation

Timoci Vula
Monday, October 29, 2012

TRADING on the country's stock exchange saw the overall capitalisation of the market rising 0.01 per cent to close at $817,311,012 for the week ending October 26.

South Pacific Stock Exchange (SPSE) chief executive officer Jinita Prasad said the rise in the capitalisation value was attributed to a 0.35 per cent share price increase noted for restricted security Fijian Holdings Limited (FHL).

She said a total of 1375 shares traded last week accumulating $3946 in consideration.

"In terms of the order flow, the e-trading platform witnessed an increase from the prior week registering $38,946 worth of new orders during the week under review," Ms Prasad said. "Out of the aggregate order flow, 89.87 per cent was represented by an interest to purchase securities on the SPSE," she said.

Ms Prasad said the SPSE total return index (STRI) rose 0.14 per cent last week closing at 1892.45.

She said the accumulation index saw a dividend return of 3.48 per cent together with a positive share price return from FHL resulting in the week ending index value to ascend.

There were still four bid-only and four offer-only securities on the market at the end of trading on Friday.

"Fosters Group Pacific Limited (FGP) still ranks as the widest bid-offer margin security with a spread of $4.09 with FMF Foods Limited (FMF) now posing as the narrowest bid to offer margin security with a spread of $0.07," she said.