THE South Pacific Stock Exchange recorded seven trades this week where 11,390 shares exchanged hands and generated an aggregate value of $15,998. Here are some of the highlights from SPSE chief executive officer Latileta Qoro on trades on the SPSE e-trading platform this week:
* Market overview — securities traded this week included Amalgamated Telecom Holdings Ltd (ATH) and Fijian Holdings Ltd (FHL) shares.
* Share price movements — ATH shareholders enjoyed a capital gain relative to the value of ATH shares in the preceding trading week.
A price gain of 0.95 per cent ($0.01) was recorded for ATH shares which concluding the week at $1.06, which was also the price at which was floated during IPO. FHL ended the week at the price of $3.90.
* New order flow consideration — Orders totalling $33,434 entered the market this week, 60.02 per cent of which was represented by buyers. This continues to indicate high buying interest for listed company securities, particularly ATH and FHL shares.
* Bid-offer spread — KGF still stands as the stock with the narrowest bid to offer margin with a spread of $0.15 while PBF continues to record the widest bid to offer margin with a spread of $3.97. PBF’s most lucrative bid is currently at $11.03.
