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TFL, FHL lead trading platform

Geraldine Panapasa
Saturday, December 08, 2012

TELECOMMUNICATIONS giant, Amalgamated Telecom Holdings Limited and Fijian Holdings Limited were the only two securities to witness trades on the South Pacific Stock Exchange e-trading platform this week.

In a statement, SPSE chief executive officer Jinita Prasad said 12,100 shares garnering an aggregate consideration of $27,762 with a total of 94 trades were exchanged.

"A high number of trades recorded on the trading platform were due to the execution of several Fijian Holdings Limited's dividend re-investment parcels this week," Ms Prasad said.

"With no price variations noted for the week, the overall capitalisation of the market remained unchanged at a value of $803.38m at close of trading yesterday.

"The new order flow recorded on the trading platform stood at a consideration amount of $50,207 of which 50.83 per cent is represented by an interest to purchase securities on SPSE."

Ms Prasad said new order flows were mostly noted for FHL and FMF Foods Limited. On the market forefront, Ms Prasad said there were still four bid-only and three offer-only securities on the market at the close of trading. She said Future Forests (Fiji) Limited was the only company to release its annual general meeting resolutions.





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