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RBG, the most active stock for November: SPSE

A total of 1,089,022 shares exchanged hands in 184 transactions accumulating $3,142,603 in value over last month. This was highlighted by the South Pacific Stock Exchange overall trading statistics statement
12 Dec 2017 11:00
RBG, the most active stock for November: SPSE

A total of 1,089,022 shares exchanged hands in 184 transactions accumulating $3,142,603 in value over last month.

This was highlighted by the South Pacific Stock Exchange overall trading statistics statement released yesterday.

It states that under the last month’s review, a further partial execution of Fijian Holdings Limited’s (FHL) second market based dividend reinvestment transactions were also recorded.

This accounted for 51.09 per cent of the aggregate number of trades, 0.88 per cent of the aggregate volume traded and 1.53 per cent of the aggregate value traded.

The remaining orders are expected to be executed during this month which should further add to the trading statistics for January.

According to the statement, the most active stock for the month of November was RB Patel Group Limited (RBG) mainly because of a large value order that saw an exchange of 1.67 per cent  of the issued shares of the company.

 

Below are the other reports recorded as per the statement:

 

New Investors (in November only)

Twelve new/first time investors sought investment opportunities in the stock market.

Fifteen shareholders who had invested earlier during the year were also seen to be re-entering the market either increasing their existing investments or in some cases diversifying their investment portfolio by investing in multiple stocks.

 

New Investors (Year-to-Date basis):

Aggregating the new investor statistics for the 11 months ended

November 2017, there are a total of 134 new investors who have now entered and are participating in the Fijian stock market.

At the end of November, these new investors accounted for 25.28 per cent of the YTD number of trades, 15.18 per cent of the YTD volume traded and 14.79 per cent of the YTD value traded. This information is tabulated below:

 

New Investors (by employment):

A review of the new investors by type of employment indicates that majority of the new investors recorded over the first 11 months of 2017 are those employed in the private sector.

Those employed in the public sector rank second which is closely followed by retirees.

The overall market value recorded a growth of 2.73 per cent ($46,685,116) over the month of

November and concluded at a value of $1,757,957,688.

Comparing the market capitalisation movement on a 12 monthly basis shows that the aggregate market value has grown by 33.92 over the November 2016 to November 2017 period.

Also the monthly trend depicts a 2.50 per cent average growth in market value over the preceding 12 month period

 

New Order Flow

The average weekly value of new orders in the market for the month of November 2017 stood at $2,082,050, while the average weekly value of new orders on a year-to-date basis as at the end of November 2017 tallied at $317,458.

The high average monthly value of order flow is due to the entry and subsequent execution of a buy and a sell order for RBG shares.

Feedbackselita.bolanavanua@fijisun.com.fj




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