Six new in­vestors be­gin in­vest­ing in our stock mar­ket

Fiji Sun - - Business -

T he se­cu­ri­ties which were traded on the South Pa­cific Stock Ex­change over the past week were Amal­ga­mated Tele­com Hold­ings Lim­ited (ATH), Vi­sion In­vest­ments Lim­ited (VIL) and Fi­jian Hold­ings Lim­ited (FHL). ATH shares recorded an in­crease in share price of 0.91% (+$0.01) to close at $1.11.

FHL shares saw a $0.03 (-0.74%) de­cline to close the week at $4.05.

Mean­while, trad­ing ac­tiv­ity was sim­i­lar to the pre­vi­ous week’s re­sults. 20,371 shares were traded in 12 trans­ac­tions to­talling $40,728 in con­sid­er­a­tion. VIL shares dom­i­nated vol­ume and value traded the past week ac­count­ing for 87%.

Al­most as ex­cit­ing as Fiji’s Olympic Gold medal is the fact that in the week, six new re­tail in­vestors be­gan in­vest­ing in Fiji’s stock mar­ket.

New Or­der Flow

Ag­gre­gate new or­der flow con­sid­er­a­tion fell to $69,308 (Prior week: $142,939).

In­vestor in­ter­ests dis­played through new or­ders were con­cen­trated on ATH, FHL, VIL, Com­mu­ni­ca­tions (Fiji) Lim­ited (CFM), Ple­ass Global Lim­ited (PBP) and Par­adise Bev­er­ages (Fiji) Lim­ited (PBF) shares. A high per­cent­age (74.85%) of news or­ders was rep­re­sented by an in­ter­est to pur­chase shares in the listed stocks.

Mar­ket Cap­i­tal­i­sa­tion & STRI

The net ef­fect of this week’s price move­ments re­sulted in an in­crease of 0.32% ($3.91 mil­lion) in the over­all mar­ket value; clos­ing the week at $1.2 bil­lion. For the same rea­son, the SPSE To­tal Re­turn Index recorded an in­crease of 0.57% to 2932.73.

This was sup­ple­mented by Fiji Tele­vi­sion Lim­ited’s (FTV) spe­cial div­i­dend of $0.30 per share for which FTV in­vestors will en­joy a 12.55% re­turn (Tax-Free).

Bid-Of­fer Spread

FHL shares main­tain the nar­row­est bid-of­fer mar­gin (Spread: $0.03) while CFM shares now records the widest bid-of­fer mar­gin on the mar­ket (Spread: $1.20).

The Bid to Of­fer ra­tio re­mains at 1:1.

Com­pany An­nounce­ments

FTV re­leased the com­pany’s au­dited fi­nan­cial state­ments for the year ended June 30, 2016. It post rev­enue: of $10.88 mil­lion, Profit be­fore Tax (PBT) of $4.53 mil­lion, Net Loss af­ter Tax af­ter tak­ing into ac­count dis­con­tin­ued op­er­a­tions: -$668,124). ATH re­leased no­tice of the com­pany’s An­nual Gen­eral Meet­ing (AGM) which will be held on Au­gust 31 start­ing 9.30am at the Hol­i­day Inn Suva.

SPSE Up­date

There is an up­com­ing div­i­dend pay­ment by Fiji TV on Au­gust 19 at $0.30 per share (Dis­tri­bu­tion to FTV in­vestors of pro­ceeds re­ceived to date from the sale of Me­dia Ni­ug­ini Ltd and Sky Pa­cific). This is the trad­ing sum­mary from the the South Pa­cific Stock Ex­change for the week ended Au­gust 12, 2016.

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