$3.18 billion overall stock market value
THE overall market value for the month of October stood noticeably higher by 6.59 per cent in comparison to prior month and concluded at $3.18 billion.
In its stock market trading report, the South Pacific Stock Exchange (SPX) said the increase was mainly because of the increase in share price for stocks such as Amalgamated Telecom Holdings (ATH), Communications Fiji Ltd (CFL), FijiCare Insurance Ltd (FIL) and FMF Foods Ltd (FMF).
The report also highlighted that in terms of market activities on the SPX e-trading platform, a total of 116 transactions with a cumulative volume of 118,671 shares and a value of $341,760 was recorded.
It said overall, 11 out of the 19 listed securities recorded market activities, amongst which seven listed stocks recorded share price movements.
During the review period the SPX Total Return Index (STRI) rose significantly by 6.69 per cent (+500.88 points) and concluded at a value of 7,987.55 which according to SPX was because of increase in share prices for securities; ATH, CFL, FIL and FMF.
It was also noted that the total quantity of shares on bid stood at 150,497 shares, showing an increase of 16.26 per cent in comparison with the previous month whereby the increase was mainly due to inclusion of new buy orders for Port Denarau Marina (PDM), Fijian Holdings Ltd (FHL) and FIL.
Other highlights of the report:
■ The total shares on offer stood at 3,875,717 shares, showing an increase of 18.82 per cent in comparison to the prior month. The increase is mainly due to inclusion of new sell orders for ATH, FMF, FTV, KFL, KGF, VIL and FHL.
■ The bid to offer ratio for the month of October stood at 1:26, an increase of 1.18 per cent in comparison to the previous month.
The increase is because of the inclusion of more sell orders as opposed to buy orders during the month.