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SPSE: Market Review

A total of 231,978 shares exchanged hands in 93 transactions last week accumulating $600,764 in consideration. This was highlighted by South Pacific Stock Exchange on a statement that was released
18 Dec 2017 10:24
SPSE: Market Review

A total of 231,978 shares exchanged hands in 93 transactions last week accumulating $600,764 in consideration.

This was highlighted by South Pacific Stock Exchange on a statement that was released last week.

New Order Flow– Subsequent to an active week of market activities on the e-trading platform, the new order flow was lively with a total of $1,278,121 worth of new orders recorded as at close of market today. Kontiki Stockbroking Limited (KSB) was the most active stockbroking house this week in terms of entering new orders on the trading platform.

Market Capitalisation– Aggregating the price movements saw the overall market value close the week at a new all-time maximum value of $1,779,815,767, an increase of 0.76 per cent ($13,415,981).

STRI- Similarly, the total return index also gained 0.76 per cent (33.49 points) following the share price movements described above and concluded the week at a value of 4442.13.

Bid-Offer Spread– KGF shares now pose as the narrowest bid- offer margin stock (Spread: $0.32) with Pacific Green Industries (Fiji) Limited (PGI) shares recording the widest bid- offer margin (Spread: $0.55). The Bid to Offer ratio continues to stand at 1:3 due to the entry of certain high volume sell orders over the past weeks.

Market Announcements

CFL: Announced a special dividend of $0.33 per share for its shareholders to be paid from funds received from the sale of CFL’s shares in iPAC Communications (Unwired Fiji); and

KGF: Released the Net Asset Value (NAV) as at November 30, 2017 and also updated the market regarding its share buy- back programme for the week ended December 15, 2017.            

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