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Investment gains as price increases

GERALDINE PANAPASA
Tuesday, January 08, 2013

TEN out of 18 listed securities on the South Pacific Stock Exchange experienced price increases last year, yielding gains for the investors.

In the SPSE stock market report 2012, chief executive officer Jinita Prasad said Paradise Beverages (Fiji) Limited (FGP) — formerly Foster’s Group Pacific Limited — led the way with a 25.14 per cent share price increase.

“The second highest price garner was Tyota Tsusho (South Sea) Limited (TTS) taking an upswing of 17.65 per cent,” she said.

“Assembling behind in terms of price gainers were Amalgamated Telecom Holdings, Fiji Television Limited, FijiCare Insurance Limited, Communications Fiji Limited (CFM), Fijian Holdings Limited and RB Patel Group Limited (RBG).

“At the end of 2012, RBG and CFM continued to trade at their all-time high share prices of $2.15 and $2.21 respectively.

“Other price gains were noted for Future Forests (Fiji) Limited convertible notes security (FFFN) of 1 per cent and VB Holdings Limited (VBH) of 0.67 per cent.”

Ms Prasad said six securities’ prices decreased last year, the largest price decline was experienced by FMF Foods Limited (FMF) with the share price dipping 20 per cent to close the year at 40cents.

She said other price falls were experienced by Atlantic & Pacific Packaging Company Limited (APP) of 7.79 per cent, Pleass Global Limited (PBP) of 5.56 per cent, Pacific Green Industries (Fiji) Limited (PGI) of 4.76 per cent, Future Forests (Fiji) Limited of 3.61 per cent and BSP Convertible Notes Limited (BCN) of 9.97 per cent.

“Despite witnessing trades in 2012, the share price for Kontiki Growth Fund Limited (KGF) and The Rice Company of Fiji Limited (RCF) remained unchanged at 29c and $2.30,” she said noting the 52-week low share price for KGF was 25c.

Meanwhile, Ms Prasad said the communications and media sector held the largest portion of market capitalisation because of the presence of the market heavyweight ATH which contributed 45.51 per cent towards the aggregate market value.

“In terms of market capitalisation by security, ATH remains the market heavyweight,” she said.

“It was followed by FGP and RBG. The five largest companies represented 81.30 per cent of the market at the end of 2012.”





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