Trading down on drops in Foster's RFC prices
28-Nov-2009 09:03 AM

A FALL in the share prices for Foster’s Group Pacific Limited (FGP) and Rice Company of Fiji Limited (RFC) saw trading on the South Pacific Stock Exchange (SPSE) drop this week.
The SPSE recorded a drop in the alcoholic beverage maker’s share price by 1.47 per cent, while RFC’s price fell by 2 per cent.

Market capitalisation by the week’s end thus dropped to $904,252,458 compared to $905,902,123 the previous week.

Trading activity dropped with 11,499 shares exchanging hands in 15 transactions raking in a total consideration of $27,358 compared to 25,386 shares trading in 12 transactions the previous week garnering a consideration of 69,460.

Trading 1,938 shares in four transactions, Fijian Holdings Limited (FHL) witnessed its share price rising by $0.06 to close the week at $2.86. The stock has best bid placed at
$2.86 and best offer at $2.89.

FGP witnessed $0.19 drop in its share price to close the week at $12.70. The stock traded in five transactions with 951 shares exchanging hands accumulating $12,078 in consideration. The stock has a bid-offer margin of $2.70 with the best bids being placed
at $10.00. RCF traded in a single transaction with the share price closing $0.05 below the week opening price of $2.50. The stock saw 400 shares exchanging hands to accumulate $980 in consideration.

Although telecommunications giant, Amalgamated Telecom Holdings Limited (ATH) saw trades of 8,210 shares in five transactions, there was no change in the price for the week. The current share price is at $1.07.The stock has a bid-offer margin of $0.07 with the most lucrative bid placed at $1.

While the total shares on bid rose by 3.66 per cent, the total shares on offer dipped by 0.04 per cent. The bid to offer ratio remains unchanged at 1:5. There is no bid-only stock and still two offer-only stocks on the trading board. FGP now ranks as the widest bid-offer margin stock with a spread of $2.70 while RBG poses as the narrowest bid-offer margin stock with a spread of $0.02.

Only one market announcement was made during the week. TTS submitted the company’s half yearly financial results for the six months ended 30th September 2009.