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The total number of shares on bid on the South Pacific Stock Exchange (SPSE) this week dipped by 2.2 percent while the total number of shares on offer rose by 10.3 percent, said SPSE CEO Jinita Prasad.
The bid-to offer ratio continued to remain unchanged at 1:4. Fiji Sugar Corporation Limited (FSC) remained the single offer-only stock with RB Patel Group Limited (RBG) and Toyota Tsusho (South Sea) Limited (TTS) being the two bid-only stocks., Prasad said.
Pacific Green Industries Limited (PGI) now ranks as the widest bid-offer margin stock with a spread of $0.48 with water bottlers Pleass Beverages & Packaging (PBP) posing as the narrowest bid-offer margin stock with a spread of $0.01.
There was also a decline in the volume and value of shares traded on the Stock Exchange this week.
The total volume of shares traded stood at 4,103 compared to 16,351 shares the preceding week.
Also the total share trading in value decreased this week garnering in a total consideration of $13,229 compared to $25,155 the previous week.
The overall capitalisation of the market dipped by 0.2 percent to close the week at
$960,473,351. Two securities traded in six transactions compared to four securities in 10 transactions the week before.
Prasad said that in terms of price falls, the manufacturer of alcoholic beverages, Foster’s Group Pacific Limited (FGP) was the only stock to witness a price decline of 1.5 percent closing the week at $13.50. FGP traded in a single transaction with 170 shares exchanging hands accumulating $2,295 in consideration. The stock had a bid-offer margin of $0.19 with the most lucrative bid placed at $13.05.
