The South Pacific Stock Exchange (SPSE) says the exchange of shares on the local trading floor this week shows signs of optimism, particularly with the boost in the overall trading activity.
The SPSE reported that the trading floor facilitated a total volume of 461,675 shares in 16 transactions garnering an aggregate consideration of $637,571 by week ending December 12.
This is in comparison to a consideration value of $4270 the preceding week.
SPSE chief executive Jinita Prasad said market capitalisation declined slightly over the week by 0.5 per cent to close at $1,001,477,767.
She said the drop in market capitalisation could be attributed to the fall in share price of Flour Mills of Fiji Limited (FMF) by 5.6 perr cent.
Highlighting the transactions during the week, Prasad said Fosters Group Pacific Limited (FGP) traded in five transactions with a quantity of 1213 shares driving the share price up by 20 cents to close at $13.80.
She said FMF witnessed exchange of 207,993 shares in four transactions with the share price dipping by five cents to close at 85 cents.
“The telecommunications giant Amalgamated Telecom Holdings Limited (ATH) saw a total of 1469 shares trading at the current market price of $1.18 yielding in an aggregate consideration of $1733,” Prasad said.
“RB Patel Group Limited (RBG) witnessed three trades of 250,000 shares accumulating a consideration value of $440,000 with the share price remaining unchanged for the week at $1.76,” she added.
On the restricted board, she said Fijian Holdings Limited (FHL) traded a quantity of 1000 shares in two transactions with the share price remaining invariable for the week at $2.20.
BUSINESS NEWS
Weekly SPSE trade shows optimism
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