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Stock Market Shows Optimism

The South Pacific Stock Exchange (SPSE) e-trading platform showed signs of optimism with favourable trading statistics recorded during the past week. Volume traded and consideration for the week stood at
01 Feb 2016 10:05
Stock Market Shows Optimism
South Pacific Stock Exchange CEO, Latileta Qoro.

The South Pacific Stock Exchange (SPSE) e-trading platform showed signs of optimism with favourable trading statistics recorded during the past week.

Volume traded and consideration for the week stood at 96,472 shares and $171,228 respectively.

More that 60 per cent of the aggregate new order flow consideration was represented by an interest to purchase shares in SPSE listed stocks.

New buy and sell orders accumulated stood at a value of $295,907.

The overall market capitalisation rose by a further 1.07% during the week under review to conclude at a value of $1,090,972,967.

STRI also witnessed an increase of 1.07% to conclude the week at a value of 2899.86.

The 1.07% increase in both the market cap and STRI figures is underpinned by price gains witnessed by FMF and PBF.

Bid-Offer Spread

FMF Foods Limited (FMF) still remains the narrowest bid-offer margin security with a spread of $0.10. Paradise Beverages (Fiji) Limited (PBF) now becomes the widest bidoffer margin with a spread of $3.13.

The Bid to Offer ratio stands at 1:0.8, still signaling the large appetite amongst individuals for SPSE listed securities.

nLatileta Qoro is the chief executive of South Pacific Stock Exchange. This is the market summary for week ended January 29, 2016.

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