The Fijian stock market demonstrated impressive growth in 2024, achieving significant milestones across various market metrics. The market capitalization, reflecting the total value of equity shares on the SPX, rose by 9.61%, adding a total of FJD 321 million to the market’s value.
Trading activity also reached remarkable levels, with the total trading value for the year recording FJD 37.3 million—making it the highest annual trading value since 2019. Furthermore, the number of trades conducted in 2024 represented the most substantial volume in the history of Fiji’s stock market, highlighting a revitalized trading environment.
The influx of new investors was notably high, marking the most significant increase since the pandemic began, which points to a surge in investor interest and a reaffirmed sense of confidence in the market.
In terms of returns, the SPX Total Return Index, which includes share price movements and dividend earnings, experienced a rise of 7.41%. Similarly, the SPX Market Cap Weighted Price Index recorded a gain of 5.09%, reflecting a positive trend in share price movements.
These encouraging results signal a robust closing year for the Fijian stock market, boding well for future investment opportunities and overall economic confidence in the region.
Overall, the performance of the stock market in Fiji presents a hopeful outlook for continued growth and renewed investor enthusiasm moving forward, suggesting that the market is on a path to further strength and resilience.
Leave a comment