SUNBIZ

South Pacific Stock Exchange Market Review

The following are the market review from South Pacific Stock Exchange for the week ended 10th March, 2017.   Market Activity Overview Securities Traded- Three Amalgamated Telecom Holdings Limited (ATH),
13 Mar 2017 11:00
South Pacific Stock Exchange Market Review
SPSE

The following are the market review from South Pacific Stock Exchange for the week ended 10th March, 2017.

 

Market Activity Overview Securities Traded- Three

Amalgamated Telecom Holdings Limited (ATH), Vision Investments Limited (VIL) and Fijian Holdings Limited (FHL).

 

Price Movements – Price Gain: ATH shares rose to a new all-time high share price of $1.31 this week posting a gain of 1.55% (+$0.02) while the share price for VIL rose by 1.96% (+$0.04) to close the week at $2.08.

FHL shares closed the week at $4.18 after witnessing an increase of 1.21% (+$0.05). Price Loss: Nil.

 

Volume and Value Traded – A total of 21,523 shares traded this week in 15 transactions accumulating $45,260 in consideration. VIL was the most active stock seeing the highest number of trades, volume traded and value traded.

 

New Order Flow – The new order flow accumulated a consideration of $56,750 with new orders being recorded for FHL, ATH and VIL shares.

 

New Investors – Three new/first time individuals invested in the stock market this week with two investors re-entering the market increasing their existing shareholding as well as diversifying their portfolio.

Stocks targeted by these new investors included ATH, FHL and VIL shares.

 

Market Capitalisation & STRI – On the back of positive share price gains recorded by listed shares, the overall market value rose by 0.98% (+$13,116,107) and concluded the week at a maximum value of $1,348,663,842.

STRI, on the same trend, after seeing capital gains posted an increase of 0.98% (31.50 points) to close the week at 3239.19.

 

Bid-Offer Spread – Atlantic & Pacific Packaging Company Limited (APP) shares continue to stand as the narrowest bid-offer margin stock (Spread: $0.32) with PBF shares continuing to register the widest bid-offer margin (Spread of $3.95).

The Bid to offer ratio remains unchanged at 1:0.8.

 

 

Company Announcements

FTV: Announced that it has secured the broadcast rights to the Rugby League World Cup 2017;

 

FHL: Announced the appointment of Women to every subsidiary company in the Group. FHL also announced the appointment of Mr Adrian Sofield as the new Chairman of the company;

 

KGF: Announced the Net Asset Value (NAV) as at February, 2017 (NAV: 60.71 cents which is a 25.9% discount to the current market price of 45 cents).

 

SPSE Update

Online Shareholder Portal: If you’re a shareholder in a listed company, you now have an option to keep a trace of your investments online, you just need to register by clicking here and keep up to date with your portfolio.

 

Upcoming Dividend Payments: FBL – 22nd March at $0.05 per share, ATH – 23rd March at $0.02 per share and CFM- 24th March at $0.21 per share (Tax Free).

 

Feedback:  kathrin.krishna@fijisun.com.fj



Five Squares 4th Birthday


Get updates from the Fiji Sun, handpicked and delivered to your inbox.


By entering your email address you're giving us permission to send you news and offers. You can opt-out at any time.


Tower Insurance
FNPF App
Covid 19 - SPC
Fiji Sun Instagram
Subscribe-to-Newspaper