11 Nov 2008

South Pacific Stock Exchange trading floor regains momentum

11:33 am on 11 November 2008

The South Pacific Stock Exchange trading floor is regaining momentum witnessing growths in the volume and value of stocks traded.

The total volume of shares traded in the week ending November 7 closed at 21,291 shares compared to only 7,109 shares the previous week.

The total turnover also closed on a positive note with the overall consideration amounting to just over 37 thousand dollars compared to just over ten thousand the previous week.

The overall capitalisation of the market rose 0.2 per cent.

Fiji Live reports the SPSE chief executive officer, Jinita Prasad, as saying the the Exchange witnessed three securities trading in 18 transactions.

She says RB Patel Group Limited or RBG was the only stock to have witnessed a rise in its share price of 3.5 per cent closing the week six cents above the opening share price of $1.70.