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Firm plays active role

Geraldine Panapasa
Saturday, December 22, 2012

WEEK IN REVIEW

FMF Foods Limited (FMF) was the most active stock on the South Pacific Stock Exchange e-trading platform this week with its share price rising 14.29 per cent at 40c a piece.

This was followed by a 2.49 per cent share price increase for Fiji Television Limited (FTV) which closed the week at $2.67.

SPSE chief executive officer Jinita Prasad said the overall activity on the e-trading platform witnessed an exchange of 182,769 securities in 15 transactions garnering $111,213 in consideration.

"Toyota Tsusho (South Sea) Limited (TTS) traded after a lapse of more than one and a half years with the share price gaining 33c to close the week at $2.20," Ms Prasad said.

"Witnessing trades after a lapse of more than a year as well were Pleass Global Limited (PBP) whose share price dipped 5.56 per cent and The Rice Company of Fiji (RCF) for which the share price remained invariable at $2.30.

"The hybrid security, BSP convertible Notes Limited (BCN), Amalgamated Telecom Holdings Limited (ATH) and Fijian Holdings Limited (FHL) also saw trades this week." She said the overall capitalisation of the market followed a positive trend because of price increments for FMF, FTV and TTS.

She said the market capitalisation ended 1.56 per cent higher at close of trading yesterday concluding the week at more than $816,249.

"The new order flow remained lively as well with 89.47 per cent of the aggregate consideration of $48,823 worth of order flow being represented by an interest to purchase securities on the SPSE," Ms Prasad said.

"Some new buying interests emerged for VB Holdings indicating a possibility of more matched trades in the following weeks."

Meanwhile, Pacific Green Industries announced business was disrupted because of the recent Tropical Cyclone Evan. This resulted in one of the buildings being damaged, costing approximately $50,000.

PGI director Ravin Chandra said they could not function for the past seven days which affected sales and production.

He said this would have an overall effect on their year-end financials.





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