Activity on the SPSE electronic trading platform gained momentum this week as the overall capitalisation of the market rose 0.82 per cent concluding at a value of $774,136,128.
The rise in share prices of all four listed stocks witnessing trades resulted in this ascent.
Securities witnessing trades were; the telecommunications giant, Amalgamated Telecom Holdings Limited (ATH), supermarket chain, RB Patel Group Limited (RBG), Fijian Holdings Limited (FHL) and Pleass Global Limited (PBP).
The largest price gainer for the week was RBG, which saw an increase of 2.46 per cent in its
share price concluding at a new all-time high share price of $2.50.
ATH price ascends
ATH’s share price ascended 1.37 per cent and was followed by PBP and FHL which gained 1.12 per cent and 0.63 per cent respectively.
The positive price returns from the listed companies and a dividend return from VB Holdings Limited (VBH) had an upbeat impact on the SPSE Total Return Index (STRI) as well. STRI ended the week 0.84 per cent higher and concluded at a value of 1881.32.
VBH shareholders should expect to receive their share of dividends on January 28.
In terms of overall trading statistics, 26 transactions were recorded for the week as 18,619 shares exchanged hands garnering $45,422 in consideration.
The new order flow for the week was lively as an aggregate consideration of $116,419 was recorded on the e-trading order platform.
— SOUTH PACIFIC
STOCK EXHANGE