In 2024, the Fijian stock market experienced remarkable growth, showcasing strong performance across several key indicators. Market capitalization, which represents the total value of equity shares listed on the SPX, rose by an impressive 9.61%, contributing an additional FJD 321 million to the overall market value.
Trading activity also saw significant improvements, with the total trading value reaching FJD 37.3 million. This figure marks the highest annual trading value since 2019, indicating a robust recovery in market engagement. Moreover, 2024 witnessed the largest number of trades ever recorded in the history of Fiji’s stock market, highlighting a surge in trading enthusiasm.
Investor confidence blossomed as well, with a notable increase in new investors entering the market—the highest since the pandemic began. This influx reflects a burgeoning interest in investments, suggesting a positive outlook for both existing and new participants in the market.
In terms of returns, the SPX Total Return Index, which includes share price movements alongside dividend returns, saw an increase of 7.41%. Similarly, the SPX Market Cap Weighted Price Index, focused solely on share price movements, reported a gain of 5.09%.
These stellar performances conclude the year on an optimistic note for the Fijian stock market, signaling a potential continuation of growth and investor confidence moving forward.
Overall, the developments in Fiji’s stock market represent a positive trend, encouraging both local and international investors to engage. The 2024 outcomes suggest a resilient economy poised for further advancement.
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