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Fiji Time: 4:18 PM on Tuesday 2 September

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Securities witness trades: SPSE

Geraldine Panapasa
Monday, January 14, 2013

NO price movements were recorded on the South Pacific Stock Exchange e-trading platform leaving the market capitalisation at $816.24million for the week ending January 11.

In the trading summary last week, chief executive officer Jinita Prasad said the platform witnessed 2758 securities exchanging hands accumulating $7936 in consideration.

"Three listed securities — market heavyweight Amalgamated Telecom Holdings Limited (ATH), restricted security Fijian Holdings Limited (FHL) and the hybrid security BSP Convertible Notes Limited (BCN) witnessed trades," she said.

"The SPSE total return index (STRI) remained unchanged at 1894.28. The new order flow on the trading platform showed a positive trend with an aggregate total consideration at close of trading on Friday standing at $578,931 out of which 97.37 per cent is being represented by an interest to purchase securities on SPSE.

"New buy orders were noted for FMF Foods Limited (FMF), RB Patel Group Limited (RBG) and FHL with new sell orders that still remain unexecuted at close of trading emerged for Paradise Beverages (Fiji) Limited and the supermarket chain RBG."

Ms Prasad said Paradise Beverages (Fiji) Limited remained the widest bid-offer margin security with a spread of $4 while Pleass Global Limited (PBP) ranked the narrowest bid-to-offer margin security with a spread of $0.05 and the best offer parcel at $0.89.

"While the market announcements platform mostly remained silent, the year 2013 began with two market releases last week.

"The first was FijiCare Insurance Limited updating its existing shareholders and other market participants on its business developments while Future Forests (Fiji) Limited provided an update on its teak plantations following Cyclone Evan," she said.


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