Six new investors begin investing in our stock market

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.