More than $19million worth of shares were traded on the South Pacific Stock Exchange (SPX) e-platform in March alone.
This according to the stock market’s trading report for March released last week.
“During the month of March 2024, 14 out of the 19 listed securities recorded market activities, amongst which 13 listed stocks recorded share price movements,” the report stated.
“In terms of key trading statistics, a total of 143 transactions were recorded yielding an aggregate volume of 11,224,672 shares and a value of $19,901,769.
“Overall, on a year-to-date basis, the number of transactions and volume traded on the SPX e-trading platform is higher compared to the same period last year.”
During the month, a $19.47m purchase of Port Denarau Marina (PDM) shares by Fijian Holdings Ltd was transacted on SPX, which also helped push up the numbers.
Market capitalisation fell by 0.85 per cent, from $3.36billion in February to $3.33billion in March, despite the increase in value of shares traded, mainly attributed to the drop in share price of market heavyweight Amalgamated Holdings Ltd (ATH).
Share price reduction was also recorded for Communications Fiji Ltd (CFL), Flour Mills of Fiji (FMF), PDM, RB Patel Group (RBG), Vision Investments Ltd (VIL) and Fijian Holdings Ltd (FHL).
The top five listed stocks occupied 72.58 per cent of the overall market capitalisation, led by Amalgamated Telecom Holdings Ltd (ATH) with 28.76 per cent, RBG with 13.97 per cent and VIL with 12.63 per cent.
A total of 196,728 shares with a monetary value of $327,778 changed hands in February on SPX.
