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Fiji Time: 7:38 PM on Friday 25 April

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Active trading platform

Timoci Vula
Tuesday, December 04, 2012

A HYPE of activities was witnessed on the South Pacific Stock Exchange's electronic trading platform for the week ending November 30.

A total of 2,180,793 securities exchanged hands garnering an aggregate consideration of $795,768.

Twenty three transactions were recorded in six of the 18 listed securities, with FMF Foods Limited (FMF) and stock market heavy weight Amalgamated Telecom Holdings Ltd (ATH) complementing the radiance of activities on the trading floor. The overall capitalisation of the market ended the week 0.90 per cent lower concluding at a value of $803,384,245.

SPSE chief executive Jinita Prasad said the new order flow on the market had increased considerably with an aggregate value of $1,613,275 worth of orders being registered on the platform.

Out of this aggregate consideration amount of new order flow, she said 49.31 per cent was represented by an interest to purchase securities on the Exchange.

"Moreover, several buy orders were registered on the e-trading platform for FHL as part of its bi-annual on-market dividend re-investment trades. The total consideration of the new FHL bids as at the end of trading session on Friday was $47,280," she said.

Meanwhile, the SPSE total return index (STRI) fell 0.90 per cent and stood at close of trading last Friday.