$2.4m value of trade
17 November, 2018, 12:46 pm
THE month of October saw a total of 213 trades recorded with a value of 968,763 shares with $2.4 million in value traded.
This was highlighted by the South Pacific Stock Exchange in its monthly trading summary for the month of October.
The exchange also stated that one of the highlights for the month of October which particularly resulted in a surge in the number of trades was the execution of Fijian Holdings Ltd’s (FHL’s) market based dividend reinvestment trades originating out of the second interim dividend declared in September 2018 (Reinvestment trading statistics — number of trades: 113 trades, volume traded: 10,689 shares and value traded: $70,410).
The analysis of the trading activity the SPSE stated that additionally, adding to the radiance of trading activities were some other listed shares, namely; FMF Foods Ltd (FMF), Fiji Television Ltd (FTV) and Kontiki Finance Ltd (KFL).
It said these three listed stocks witnessed an execution of huge volumes during October through participation of some high net worth individuals as well as institutional investors.
Meanwhile the exchange noted the entry of 16 new/first time investors who sought investment opportunities in the stock market while seven existing investors were seen to be re-entering the market either increasing their existing shareholdings in listed companies and/or in some cases diversifying their investment portfolio by investing in additional companies.
It was also highlighted that on a year-to-date basis, 168 new investors have now entered the stock market over the ten months of 2018 which was an increase of 37.70 per cent in comparison to the same period in 2017 when the number of new investors stood at 122.
The analysis also revealed for the first ten months of 2018, 79.76 per cent of the investors was represented by individuals, which included private and public sector employees, farmers, students, retirees and investors who are self-employed.