SPSE Market Highlights

Appointment of Dawn Gibson as Independent Director to the FFF Board of Directors The Board of Directors of Future Forests (Fiji) Limited has the pleasure to announce the appointment of
13 Apr 2018 10:19
SPSE Market Highlights

Appointment of Dawn Gibson as Independent Director to the FFF Board of Directors

The Board of Directors of Future Forests (Fiji) Limited has the pleasure to announce the appointment of Dawn Gibson as independent Director to the Board of Directors, effective Wednesday, April 11, 2018.

The announcement was made on the SOuth pacific Stock Exchange. Dr Gibson has been co-opted in accordance with the FFF Articles of Association.

The appointment will require confirmation by Shareholders at the FFF AGM 2018.

Ms Gibson has over 30 years’ experience in the private sector and academia. She currently holds the position of Senior Lecturer in Tourism and Hospitality at the School of Tourism and Hospitality Management at the University of the South Pacific. Prior to joining USP, Ms Gibson spent over 20 years working in London, New York and Los Angeles in Services Management and Fashion Retail Merchandising.

Ms Gibson has extensive research experience and has published numerous publications, including on the challenges of indigenous/community based business development, on increasing linkages between agriculture and tourism, on employee empowerment, on the cultural implications of motivating a Pacific Island workforce to deliver high quality consistent services, on cross cultural management and on sustainable development and alternative livelihoods.

The FFF Board of Directors welcomes Ms Gibson to the Board.

Aggregate Market Capitalisation – surpasses the $2 billion mark

The South Pacific Stock Exchange in its Stock Market Trading report for March said the consequent to price gains posted by listed stocks showed the overall market capitalisation surpassed the $2 billion mark at the beginning of the month.

The continuing price gains further contributed to the market capitalisation reaching an all-time high of $2.06 billion during the period under review, however, concluded the month at $2.05 billion.

Overall Trading Statistics

In aggregate, a total of 71 trades were recorded during the month of March 2018 noting an exchange of 135,083 shares totaling $634,229 in value traded.

Price Movements

10 listed shares recorded share price movements during March yielding further capital gains for its shareholders.

These include:

  • Amalgamated Telecom Holdings Limited (ATH) – an increase 5.07% (+$0.11);
  • Free Bird Institute Limited (FBL) – an increase 9.09% (+$0.25);
  • Fiji Television Limited (FTV) – an increase of 0.47% (+$0.01);
  • Kinetic Growth Fund Limited (KGF) – an increase of 8.62% (+$0.05);
  • Pleass Global Limited (PBP) – an increase of 0.88% (+$0.02);
  • Pacific Green Industries (Fiji) Limited (PGI) – an increase of 8.00% (+$0.08);
  • RB Patel Group Limited (RBG) – an increase of 0.46% (+$0.02);
  • VB Holdings Limited (VBH) – an increase of 27.78% (+$1.25);
  • Vision Investments Limited (VIL) – an increase of 4.17% (+$0.13); and
  • Fijian Holdings Limited (FHL) – an increase of 0.96% (+$0.05)

New investors in the Fijian market

Last month, six new/first time investors sought investment opportunities in the stock market during the third month of the year.

Meanwhile five existing investors were seeing 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.

By Investor Type: During the month of March, 50 per cent of the new investors were represented by individuals and the other 50 per cent were represented by joint/family investors. A review of the new investors by type of employment indicates that majority of the new investors entering the stock market are those employed in the private sector. Those employed in the public sector rank second which is followed by retirees. SPSE expects an extension to the number of investors by type of employment as the year progresses (we expect investors such as farmers and domestic workers amongst others)


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