SUNBIZ

Trading Activity For First Week Of Month Picks Up

The securities traded on the South Pacific Stock Exchange the past week included Amalgamated Telecom Holdings Limited (ATH), Vision Investments Limited (VIL), Fijian Holdings Limited (FHL) and BSP Convertible Notes
08 Aug 2016 14:54
Trading Activity For First Week Of Month Picks Up
The Fiji Corrections Service maximum facility in Naboro.

The securities traded on the South Pacific Stock Exchange the past week included Amalgamated Telecom Holdings Limited (ATH), Vision Investments Limited (VIL), Fijian Holdings Limited (FHL) and BSP Convertible Notes Limited (BCN).

FHL shares opened the week at $4.08, then hit an intra-week low share price of $4.05, before bouncing back by $0.03 to conclude the week at $4.08.

Trading activity for the first week of August picked up relative to the preceding week with a total of 25,318 shares exchanging hands in 11 different transactions accumulating $42,009 in total consideration.

 

New Order Flow

The aggregate new order flow consideration also recovered this week and concluded at a value of $141,946.

The high value of new order flow was underpinned by a large volume sell order for FMF Foods Limited (FMF) shares.

The FMF sell order represents 44.50 per cent of the aggregate new order flow consideration.

 

Market Capitalisation & STRI

With a nil net price movement at close of trading today, the overall market value remained at $1,238,643,103 with the SPSE Total Return Index (STRI) also remaining unchanged at a value of 2916.24.

However, during the course of the week with FHL shares experiencing an intra-week low share price of $4.05, the market capitalisation as well as STRI had dipped 0.03%.

 

Bid-Offer Spread

FHL shares still record the narrowest bid-offer margin (Spread: $0.03) while PGI shares now register the widest bid-offer margin on the market (Spread: $1.05).

The Bid to Offer ratio remains at 1:1.

 

SPSE Update

Year 13 Commerce students of Pt. Shreedhar Maharaj College from Nausori visited the SPSE office the past week.

This was for a presentation on Fiji’s Stock Market and in particular what individuals have to consider before investing.

 

Company Announcements

KGF: Announced that the company has officially changed its name from Kontiki Growth Fund Ltd to Kinetic Growth Fund Ltd

FHL: Issued a response to a media article published in the Fiji Sun which had covered specific details of the independent investigation that is due to the Ministry of iTaukei Affairs but is yet to be received by FHL

KGF: Released the net asset value of the company as at July 31, 2016 (July 31 NAV was 57.04 cents, is a 21.1% discount to the current market price of 45 cents. NAV as at June 30, 2016 was 53.21 cents

FTV: Announced the official launch of its second free-to-air channel (Channel 2) and also announced the formal signing of an agreement with Nem and Talei for the musical event “A Tribute to the Classic”.

nThis is the trading summary from the the South Pacific Stock Exchange for the week ended August 5, 2016.

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