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SPSE market value increases

Geraldine Panapasa
Saturday, December 15, 2012

A SHARE price increase of 1.05 per cent for restricted security, Fijian Holdings Limited (FHL), contributed to a rise in the market value on the South Pacific Stock Exchange e-trading platform this week.

SPSE chief executive Jinita Prasad said the overall activity on the platform at the close of trading yesterday resulted in 38,672 securities changing hands in 90 transactions, and accumulating $113,984 in consideration.

"The overall capitalisation of the market also rose 0.04 per cent and stood at over $803.689million," she said.

"Other three securities to have witnessed trade this week were Fiji Television Limited (FTV), the market heavy-weight Amalgamated Telecom Holdings (ATH) and the hybrid security BSP Convertible Notes Limited (BCN)."

Ms Prasad said the new order flow behaviour on the market remained affirmative with an aggregate value of $263,106 worth of orders registered on the platform.

Of the aggregate consideration of new order flow, 45.5 per cent was represented by an interest to purchase securities on the SPSE.

"In terms of security, buy orders were mostly noted for FTV, FHL, FMF Foods Limited, Communications Fiji Limited and RB Patel Group Limited," she said.

"There were still four bid-only and four offer-only securities on the market at the end of trading yesterday. Fosters Group Pacific Limited still ranks as the widest bid-offer margin security with a spread of $4.07 with ATH still posing as the narrowest bid to offer margin security with a spread of $0.01."

This week, Toyota Tsusho (South Sea) Limited (TTS) declared an interim dividend of $0.03 per share for the eight months ending November 30 while Kontiki Growth Fund Limited announced their net asset backing per share was 39.59 as of November 30.

This, the company said was a decrease of 0.14 per cent over the net asset backing of 39.64 per share as of October 31.


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