Eight new investors
22 October, 2016, 12:00 am
EIGHT new/first-time investors entered the South Pacific Stock Exchange this week and invested in Fijian Holdings Ltd, FMF Foods Ltd, Paradise Beverage Fiji Ltd and Fiji Television Ltd shares.
SPSE chief executive officer Latileta Qoro said securities traded on the e-trading platform were Amalgamated Telecom Holdings Ltd (ATH), FMF Foods Ltd (FMF), Fiji Television Ltd (FTV), Paradise Beverages (Fiji) Ltd (PBF), RB Patel Group Ltd (RBG), Fijian Holdings Ltd (FHL) and BSP Convertible Notes Ltd (BCN).
Ms Qoro said in terms of volume and value traded — 25,688 shares exchanged hands this week garnering $53,531 in consideration.
According to the SPSE, FMF shares were once again this week’s favourite, occupying 47.49 per cent of the volume traded while FHL shares recorded the most number of trades accounting for 30.84 per cent of the value traded.
FHL shares recorded a gain of $0.05 (+1.24 per cent) to conclude at $4.08, RBG shares recorded a gain of $0.03 (+0.96 per cent) to an all-time high of $3.15, ATH shares gained $0.01 (+0.85 per cent) to cap the week at $1.19 while BCN shares gained $0.02 (+0.26 per cent) to $7.67.
It said new order flow on the e-trading platform increased considerably by 149.15 per cent during the week to $129,201 with 75.96 per cent represented by an interest to purchase listed company shares.
Ms Qoro said this week, Kinetic Growth Fund Ltd (KGF) quoted an additional 118,552 shares.
She said aggregating this week’s positive price movements and the additional shares quoted for KGF, the overall market value increased by 0.46 per cent ($5,758,929) and concluded the week at a value of $1,268,314,599.
After accounting for the price increases and necessary divisor adjustment to cater for KGF’s additional quotation, STRI rose 0.45 per cent and concluded the week at a value of 3056.24.
Meanwhile, FHL shares still recorded the narrowest bid-offer margin (Spread: $0.05) with PBF maintaining the widest bid-offer margin (Spread: $1.35).