SPSE TRADING SUMMARY FOR THE WEEK ENDED 1ST MAY 2015
Market Overview
The week under review concentrated on listed companies whose financial year ended in December and had a deadline to
submit their annual reports for 2014. VB Holdings Limited (VBH), Pleass Global Limited (PBP), FijiCare Insurance Limited
(FIL) and Kontiki Growth Fund Limited (KGF) were the securities submitting their annual reports, while additional market
announcements on dividend declarations, investment plans and quarterly updates were also received. Atlantic & Pacific
Packaging Company Limited (APP), FMF Foods Limited (FMF) and The Rice Company of Fiji Limited (RCF) declared
dividends for the financial year 2014-2015. FMF did a further market release announcing a $40 million investment plan
for its subsidiary, Bakery Company of Fiji Limited. Fiji Television Limited (FTV) also did a release announcing its partnership
with Fiji Football Association to broadcast selected Fiji Football Association Cup Tournament matches on its Sky Pacific
platform. Future Forests (Fiji) Limited (FFF) concluded the week of announcements submitting the company’s third
quarter financial report.
In terms of market activity, statistics for this week remained akin to the prior week with 19,650 shares exchanging hands
to garner $21,033 in value. On an assenting note, four price gains were recorded, amongst which APP rose by 4.17%, the
market heavyweight, Amalgamated Telecom Holdings Limited (ATH) increased by 2.00% while the supermarket chain, RB
Patel Group Limited (RBG) and the restricted security, Fijian Holdings Limited (FHL) rose 0.68% and 0.27% respectively.
RBG continues to yield capital gains for its shareholders and with a $0.02 increase this week, the price now stands at
$2.95 reflecting another all-time high share price reached by the security.
Aggregating the price movements resulted in the overall capitalisation of the market to ascend 0.99%, which at close of
market on Friday stood at a value of $954,021,114. The rise in share prices of the listed stocks was depicted in the SPSE
Total Return Index (STRI) as well which also gained 0.99% concluding at a value of 2468.16.
The new order flow analysis for the week showed an improvement from last week as an aggregate consideration of
$41,107 was noted. New orders emerged for FHL, FFFN, ATH, PGI, RBG and APP. The overall unexecuted orders saw the
total shares on bid decrease by 1.51% with the total number of shares on offer also seeing a slight decrease of 0.07%. The
bid to offer ratio still stands at 1:1.
Kontiki Growth Fund Limited (KGF) now stands as the security with the narrowest bid to offer margin with a spread of
$0.25 while Paradise Beverages (Fiji) Limited (PBF) still remains as the widest bid to offer margin security with the spread
of $3.98.
The above is summarized in a table presented below.
Particulars
Current Week
(01/05/15)
Market Capitalisation
$ 954,021,114
SPSE Total Return Index (STRI)
2468.16
Number of trades
6
Number of securities traded
4
Total volume traded
19,650
Total consideration traded
$21,033
Total volume on bid
1,111,623
Total volume on offer
1,366,899
Bid to Offer ratio
1:1
Previous Week
(24/04/15)
$ 944,634,370
2443.88
7
4
6,452
$18,113
1,128,621
1,367,899
1:1
% Change
+0.99%
+0.99%
-14.29%
0.00%
+204.56%
+16.12%
-1.51%
-0.07%
N/A
For further information, please feel free to contact us on 330 4130 or e-mail on [email protected]
Jinita Prasad
Chief Executive
01/05/2015