SUNBIZ

TRADING SUMMARY: Stronger Market Activity Noted on Stock Exchange

The South Pacific Stock Exchange traded 126,011 shares for a total consideration of $117,162 the past week. Stronger level of market activity was noted during the week, particularly in Fijian
31 Aug 2015 09:43
TRADING SUMMARY: Stronger Market Activity Noted on Stock Exchange
South Pacific Stock Exchange CEO, Latileta Qoro.

The South Pacific Stock Exchange traded 126,011 shares for a total consideration of $117,162 the past week.

Stronger level of market activity was noted during the week, particularly in Fijian Holdings Limited and RB Patel Group Limited shares and by retail investors.

Daily volume and value traded ranged from 250 to 67,898 and $600-$31,090 respectively.

Buy orders were driven by Provincial councils whilst sell orders were driven by individuals.

Strong buy orders were noted for RB Patel Group and Kontiki Growth Fund shares. Sell orders were primarily for FHL and RB Patel Group shares.

Orders were also recorded for Atlantic & Pacific Packaging Company Limited, Amalgamated Telecom Holdings, Fiji TV and Communications Fiji Limited.

Securities Traded

Securities traded were Atlantic & Pacific Packaging Company, ATH, FHL, Fiji TV, Kontiki Growth Fund and RB Patel Group.

Market Capitalisation

The total Market Capitalisation rose to $982,626,883 on the back of Atlantic & Pacific Packaging Company, FHL and RBG price gains.

SPSE Total Return Index, the measure of total dividend and share price returns, also recorded a marginal increase to close the week at 2564.79.

Price Movements

  • Gains were noted for the following:
  • APP share price increased by 6.67 per cent to close at $0.80
  • FHL’s share price increased by 1.01 per cent to close at $4.01
  • RBG increased by 0.33 per cent  to close at $3.02.

 

Half Year Financial Highlights

  • Pacific Green Industries Ltd – Profit after tax up from $0.003m to $0.1m.
  • Pleass Global Limited -Profit after tax down 10% to $0.3m (Revenue up 14% to $4m).
  • BCN (for BSP PNG) –Profit after tax up 1.7% to $202.5m
  • PBF –Profit after Tax up 63% to $4.9m.
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