RB, FHL contribute to market rise
Source: SOUTH PACIFIC STOCK
EXCHANGE
The week ended with the overall capitalisation of the market rising 0.05 per cent with a value of about $792 million.
The rising market value is attributed to the rise in the share prices of the supermarket chain, RB Patel Group Limited (RBG) to another all-time high of $2.12 and the restricted security, Fijian Holdings Limited (FHL) to $2.84.
In aggregate, 4411 shares traded this week accumulating a consideration amount of $10,609.
In terms of order flow, the e-trading platform witnessed an increase from the prior week registering $55,605 worth of new orders during the week under review.
The SPSE Total Return Index remained simultaneous with the market value rising 0.05 per cent as well.
The rise in the market capitalisation weighted total return Index is entirely because of price returns of 0.35 per cent and 0.47 per cent generated by FHL and RBG respectively.
RBG saw an increase of $0.01 in its share price closing the week at $2.12. The stock traded in two transactions with 2464 shares exchanging hands collecting $5213 in consideration.
The stock is bid-only with the most lucrative bids placed at $2.11.
FHL saw its share price increasing by $0.01 closing the week at $2.84. The security traded in four transactions with 1392 shares exchanging hands accumulating $3,953 in value.
FHL has several unexecuted bids at $2.84, of which most of the bids are dividend reinvestment parcels.
Fiji Television saw a single transaction of 555 shares trading with the share price remaining unchanged for the week at $2.60.
There are still three bid-only and four offer-only securities on the market at the end of trading yesterday.
Foster’s Group Pacific Limited (FGP) still ranks as the widest bid-offer margin security with a spread of $4.16 with ATH continuing to pose as the narrowest bid to offer margin security.
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