$1.9b market value

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$1.9b market value

KONTIKI Stockbroking Ltd was the most active stockbroking house this week in terms of entering new orders on the trading platform.

In its weekly trading summary issued yesterday, the South Pacific Stock Exchange stated that $213,892 worth of new orders were recorded on the orders platform this week with buy orders ranking higher at 55.56 per cent.

Securities traded on the platform included Amalgamated Telecom Holdings Ltd (ATH), Communications Fiji Ltd (CFL), Free Bird Institute Ltd (FBL), Fiji Television Ltd (FTV), Paradise Beverages Fiji Ltd (PBF), Pleass Global Ltd (PBP), RB Patel Group Ltd (RBG), Vision Investments Ltd (VIL), Fijian Holdings Ltd (FHL) and BSP Convertible Notes Ltd (BCN).

Meanwhile 36,992 shares exchanged hands in 21 transactions this week garnering $120,189 in consideration.

According to the trading summary aggregating the various positive share price movements resulted in the overall market value to close the week at a value of $1,862,232,187, an increase of 3.64 per cent ($65,350,901).

It said the total return index also gained 3.64 per cent (163.22 points) following the share price movements described above and concluded the week at a value of 4650.90.

In terms of bid-offer spread PBP shares now pose as the narrowest bid-offer margin stock (Spread: $0.09) with CFL shares recording the widest bid-offer margin (Spread: $1.30).

It said the the Bid to Offer ratio continued to stand at 1:4 due to the availability of certain high volume sell orders in FTV and PBF.

In other price movements ATH shares increased by 7.53 per cent (+$0.14) and concluded at a new all-time high price of $2.00.

CFL shares recorded a growth of 0.85 per cent (+$0.04) to end the week at a new maximum value of $4.72, PBF shares rose by 3.17 per cent (+$0.40) to close at $13.00, PBP shares increased 10.53 per cent (+$0.20) to end the week at an all-time high price of $2.10.

Supermarket chain, RBG shares also rose to a new maximum share price of $4.30 after seeing an increase of 0.47 per cent (+0.02) while BCN shares rose by a further 0.12 per cent (+$0.01) this week and ended at a new best share price of $8.55.