SUNBIZ

ATH Special Trade Makes It Most Active Stock

  Amalgamated Telecom Holdings Limited was the most active stock in 2015 on the South Pacific Stock Exchange, both in terms of volume and value traded. The statistics stood higher
11 Jan 2016 10:04
ATH Special Trade Makes It Most Active Stock
South Pacific Stock Exchange CEO, Latileta Qoro.

 

Amalgamated Telecom Holdings Limited was the most active stock in 2015 on the South Pacific Stock Exchange, both in terms of volume and value traded.

The statistics stood higher in comparison to other stocks primarily as a result of ATH special crossing transactions.

It accounts for around 98 per cent of the aggregate volume and value traded, SPSE chief executive, Latileta Qoro, said.

A comparison excluding the ATH special crossing trades gave FMF Foods Limited the top position as the most active stock in terms of volume traded.

This was while Fijian Holdings Limited (FHL) led the ranks in terms of value traded.

Ms Qoro said in terms of number of trades Fijian Holdings Limited (FHL) stood as the most active stock accounting for 62.93 per cent of the total number of trades in 2015.

“These number of trades which is more than four times higher than the second most active security partly resulted from FHL having a market based dividend re-investment option for its shareholders,” she said.

Future Forests (Fiji) Limited equity security (FFF) was the only stock that did not record any market activity in 2015.

Eight listed stocks concluded 2015 at their all-time high share prices, offering their investors lucrative capital gains opportunities.

These included: ATH:$1.25, Communications Fiji:$4.16, Pleass Global:$1.25, RB Patel:$3.08, Rice Company of Fiji:$3.55, VB Holdings:$3.60, FHL:$4.15, BSP Convertible Notes:$7.16.

 

Capital growth, performance

In 2015, the overall capital growth for Fiji’s stock market averaged at 11.47 per cent compared to an average capital growth of 10.76 per cent in 2014.

The increase in the average capital growth was due to positive (demand-driven) price returns generated by a majority of the listed stocks in 2015 including various stocks reaching their all-time high share prices.

Ten listed securities had positive capital returns of greater than 10 per centcompared to eight stocks having double digit growth percentages in 2014.

Ms Qoro revealed the average income yield (dividend plus interest) for the market stood at 4.15 per cent (tax free) in 2015.

She said this was slightly higher than the 4.04 per cent average income yield generated for the same period in 2014.

Out of the 18 listed securities, seven stocks recorded increases in their yields due to increases in their dividend per share for the 12 months.

Ms Qoro said: “For other securities, the current yield either remained same as the previous year or saw a decline.

“Aggregating the average capital growth and the average income yield resulted in a 15.63% average total market return for 2015.

“16 out of the 18 listed stocks recorded positive total market returns at the end of the year.

“Future Forests (Fiji) Limited (FFF) shares was the only security not to yield any returns to the investors with Pacific Green Industries (Fiji) Limited (PGI) posting a negative total return in 2015.”

Edited by: RACHNA LAL



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