THE South Pacific Stock Exchange trading floor witnessed a decline in trading activities this week with 10,843 shares exchanging hands in 12 transactions raking in a total consideration of $17,205.
This is compared to 15,598 shares trading in 18 transactions the previous week garnering a consideration of $42,392. The overall capitalisation of the market descended by 0.1 per cent to close the week at $906,803,316 as compared to $908,056,743 the previous week. Decrease in share price of the supermarket chain, RB Patel Group Limited (RBG) by 1.1 per cent led to the overall depreciation in the market capitalisation.
The decline in market capitalisation, the SPSE said, could further be attributed to the decrease in share price of the Rice Company Fiji Limited (RCF) by $0.50.
Price Gainers
Manufacturer of alcoholic beverages, Fosters Group Pacific Limited (FGP) increased $0.20 in its share price closing the week at $12.90.
The stock traded in one transaction accumulating $2580 in consideration. VB Holdings Limited (VBL) traded in a single transaction with a volume of 500 shares contributing $1450 in consideration.
The share price appreciated by $0.10 to close the week at $2.90. Also appreciating was Fijian Holdings Limited (FHL).
1714 shares exchanged hands in two transactions. The share price closed the week at $2.79. The stock has best bids placed at $2.79 and best offer at $2.85.
Price Falls
RBG traded in two transactions with the share price closing two cents below the week opening price of $1.84. The stock saw 1,534 shares exchanging hands to accumulate $2,813 in consideration. The stock has best bids placed at $1.82 and best offer at $1.84. RCF traded after a lapse of nine months with 500 shares exchanging hands and the share price closing 16.7 per cent below the week opening price of $3.00.
No Movements
Although Amalgamated Telecom Holdings Limited (ATH) saw trades of 145 shares in one transaction, there was no change in the share price for the week. The current share price is $1.07. The stock has a bid-offer margin of $0.02 with the most lucrative bid placed at $1.06. FijiCare Insurance Limited (FIL) witnessed two trades of 6,250 shares rendering no variations to the opening market price of $0.67. The stock has best bid and best offer placed at $0.50 and $0.67 respectively.
While the total shares on bid rose by 4.3 per cent, the total shares on offer dipped by 0.3 per cent. The bid to offer ratio remains unchanged at 1:5. There is still one bid-only stock and one offer-only stock on the trading board.
Foster's Group Pacific Limited (FGP) continues to rank as the widest bid-offer margin stock with a spread of $2.90 while RBG together with ATH now pose as the narrowest bid-offer margin stocks with a spread of $0.02.
There were four market announcements made during the week. Fiji Television Limited (FTV) submitted its Annual Report for the year ended June 30, 2009. ATH submitted the company's sixmonthly financials for the half year ended 30th September 2009. FGP declared a final dividend of 15 cents per share for the year ended June 30, 2009. Pacific Green Industries (Fiji) Limited (PGI) announced PGI returns to profit and has exciting new plans for the future.
