Share trading picks up, accumulates $169k
17 July, 2017, 12:00 am
TRADING on the stock market picked up again last week week after 56,236 shares were sold accumulating $169,237 in consideration in over 54 transactions compared with $53,356 realised last week in 90 transactions involving 14,763 shares.
This was as per the South Pacific Stock Exchange’s (SPSE) market review for the week issued yesterday which also stated that a total of $330,538 worth of new orders was recorded on the orders platform this week.
This may have resulted from an increase in the sell orders for Fijian Holdings Ltd (FHL) shares with existing shareholders realising capital gains by liquidating their holdings.
In terms of price movements, a gain of 5.88 per cent ($0.05) was recorded for FijiCare Insurance Limited (FIL) shares to close at a new all-time high share price of $0.90 and restricted stock, FHL also reached a maximum share price of $4.55 after recording an increase of 0.44 per cent or $0.02.
A marginal price fall of 0.41 per cent ($0.01) was recorded for Free Bird Institute Limited (FBL) to close the week at $2.40 per share.
As a consequence of the share price movements for the week, the overall market value increased by $599,352 or 0.04 per cent to close at a new maximum value of $1,503,557,513.
Likewise the SPSE Total Return Index (STRI) also gained 0.04 per cent (1.45 points) following a combination of share price movements explained above. STRI concluded the week at a value of 3676.96.
Meanwhile shares in FBL, FIL, Fiji Television Limited (FTV), Vision Investments Limited (VIL) and FHL were traded during the week.