Weekly Trading Summary for the week ended 22nd May 2015
Transcription
Weekly Trading Summary for the week ended 22nd May 2015
SPSE TRADING SUMMARY FOR THE WEEK ENDED 22ND MAY 2015 Market Activity Overview The market heavyweight, Amalgamated Telecom Holdings Limited (ATH), the restricted security, Fijian Holdings Limited (FHL) and BSP Convertible Notes Limited (BCN) were the three listed securities that recorded trading activities on the SPSE e-trading platform this week. In aggregate, 20,675 shares exchanged hands in 9 transactions garnering $76,428 in value. FHL securities featured strongly in the week’s trading activities, concluding the week under review as the most actively traded stock accounting for 86.20% and 88.59% of the volume and value traded respectively. In terms of capital appreciation, FHL and BCN posted share price gains with FHL rising 0.53% to end the week of trading at $3.80 and BCN posting a gain of 0.14% to conclude the week at $7.12. The share price for ATH remained unchanged at $1.02. The rising share prices resulted in the overall capitalisation of the market recording a slight increase of 0.03%, which at close of market stood at a value of $954,574,996. The SPSE Total Return Index (STRI) also rose and combining the price and the dividend returns, the accumulation index increased by 0.40% or 9.99 points to close at a value of 2478.97. Dividend returns were generated by Atlantic & Pacific Packaging Company Limited (APP), FMF Foods Limited (FMF) and The Rice Company of Fiji Limited (RCF). The shareholders of these companies will be paid their entitlements on 26th May 2015. The new order flow analysis for the week saw the entry of 259 market based dividend reinvestment orders of varying quantities for FHL. A combined quantity of 26,347 shares was recorded at a price of $3.80 resulting in a new order flow consideration of $100,119. Excluding these orders, an aggregate consideration of new orders stood at a value of $85,338. The overall unexecuted orders saw the total shares on bid increase by 8.26% mainly because of the entry of various FHL market based reinvestment buy orders. The total number of shares on offer also saw a slight increase of 0.03%. The bid to offer ratio remains unchanged at 1:1. Radio and entertainment conglomerate, Communications (Fiji) Limited (CFM) now stands as the security with the narrowest bid to offer margin with a spread of $0.06 while Paradise Beverages (Fiji) Limited (PBF) continues to record the widest bid to offer margin with a spread of $3.98. Market Announcement Overview Five press releases were issued during the week. PBF released the company’s resolution from its Annual General Meeting while FijiCare Insurance Limited (FIL) declared a dividend of $0.04 per share and also released the Managing Director’s presentation at the company’s Annual General Meeting held earlier in the week. FIL also released the resolutions from the Company’s Annual General Meeting. BCN concluded the week of announcements and released the Group CEO’s presentation at the Annual General Meeting. For further information, please feel free to contact us on 330 4130 or e-mail on info@spse.com.fj Latileta Qoro Chief Executive Officer 22/05/2015