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Market value up

Geraldine Panapasa
Saturday, February 02, 2013

THE rise in market value by 0.05 per cent on the South Pacific Stock Exchange trading platform was attributed to an increase of 0.34 per cent for restricted security Fijian Holdings Limited (FHL) and a 1.12 per cent increase for Fiji Television Limited (FTV).

The SPSE trading summary for the four-day week ended at a value of more than $816.67million allowing 12,002 shares to exchange hands in aggregate and garnering $42,683 in consideration.

"Paradise Beverages (Fiji) Limited (FGP) also witnessed trades on the SPSE e-trading platform this week," said chief executive officer Jinita Prasad.

"The SPSE Total Return Index (STRI) rose 0.05 per cent this week standing at 1896.01 at close of trading yesterday.

"The market capitalisation weighted total return index rose due to positive price returns generated by FHL and FTV.

"The new order flow on the trading platform maintained its positive momentum from prior weeks as an aggregate consideration of $217,947 was recorded this week. New orders were mostly noted for FHL, FGP and FTV.

"On the listed company market announcements platform, four press releases were received by the Exchange.

"Future Forests (Fiji) Limited submitted the notice of a meeting for its noteholders while BSP Convertible Notes Limited (BCN) concluded the week announcing that BSP PNG had made a non-binding conditional offer to acquire leasing and finance businesses of Credit Corporation Group."





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