14 February, 2018, 12:00 am
THE January 2018 Stock Market Trading Report issued on Monday stated that the telecommunications and media sector still remained on top in terms of market capitalisation by sector.
The sector, which accounted for 47.55 per cent of the market value on January 31, 2018, has been consistently on top in terms of market capitalisation because of the presence of market heavyweight Amalgamated Telecom Holdings Ltd (ATH), which alone accounted for 45.54 per cent of the market.
The manufacturers and wholesalers sector were at second place with a 19.23 per cent share followed by the investment sector which had 19.08 per cent.
The retail and automotive sectors followed with 6.69 per cent and 4.07 per cent respectively with the top five sectors accounting for around 86 per cent of the market.
The remaining 14 per cent was shared between the insurance, banking, forestry and education sectors.
The South Pacific Stock Exchange (SPSE) said the top five listed stocks on the exchange occupied 84.74 per cent of the overall market.
These are led by ATH which commanded 45.54 per cent of the market, Vision Investments Ltd (VIL) 16.15 per cent, FMF Foods Ltd (FMF) at 9.34 per cent, Paradise Beverages (Fiji) Ltd (PBF) with 7.02 per cent and RB Patel Group Ltd (RBG) at 6.69 per cent.