SUNBIZ

Fijian Holdings Limited Most Active During Trading Week

  Fijian Holdings Limited was the most actively traded stock thebpast week at the stock exchange. This is compared to AmalgamatedbTelecom Holdings Limited (ATH), BSPbConvertible Notes Limited (BCN). Price Movements
14 Sep 2015 09:49
Fijian Holdings Limited Most Active During Trading Week
South Pacific Stock Exchange CEO, Latileta Qoro.

 

Fijian Holdings Limited was the most actively traded stock thebpast week at the stock exchange.

This is compared to AmalgamatedbTelecom Holdings Limited (ATH), BSPbConvertible Notes Limited (BCN).

Price Movements was recorded nil in last week’s trades were all executedbat prevailing market prices as at thebopening of the week’s first tradingbsession.

Market Capitalisation and SPSEbTotal Return Index (STRI) – With nobprice movements, aggregate Market Capitalisation and STRI the measure of total dividend and share price returns remained unchanged at $986,847,931 and 2575.80 respectively.

 

Volume and Value Trade

Trading volume and value concluded the week at 18,003 and $40,236 respectively with retail investors driving the week’s trading activity.

Moreover the total value of new orders into the market increased by 67% over the week; closing at $134,560.

The value of New Buy Orders ranged from $550- $20,250 while a range of $600-$22,832 was noted for New Sell Orders.

Securities with Buy interest (opportunities for exiting investors) – FMF Foods Limited (FMF), Atlantic & Pacific Packaging Company Limited (APP), Pleass Global Limited (PBP), VB Holdings Limited (VBH), ATH and FHL; Securities with Sell interest(opportunities for buyers) -BCN, Communications Fiji Limited (CFM), Fiji Television Limited (FTV), The Rice Company of Fiji Limited (RCF), APP, PBP, VBH, ATH and FHL.

 

Bid-Offer Spread

ATH now stands as the security with the narrowest bid-offer margin with a spread of $0.02. Paradise Beverages (Fiji) Limited (PBF) maintains the widest bid-offer margin with a spread of $3.98.

While the bid to offer ratio has now changed to 1:0.4 from 1:0.3, this continues to indicate the strong presence of investors that are looking for suitable securities at an agreeable price.

 

Market Announcements

Future Forest (Fiji) Limited (FFF) released its unaudited financial statements for FY 2015 (Highlights – unaudited sales revenue up by 166% to $450,000, Net loss after tax position increased by 28% to $493,000).

Consequent to changes in FTV’s PNG operations divestment plans, the entity advised the market of its plans organisational restructure which includes right sizing of human capital, office space and content acquisition/costs.

BCN released a summary of its parent companies (BSP PNG) half-year results which was released by the same on the Port Moresby Stock Exchange.

 

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