The Fijian stock market experienced significant growth in 2024, highlighted by impressive gains across various market metrics. The market capitalization rose by 9.61%, contributing an additional FJD 321 million in total value on the SPX index.
Trading activity also surged, with a total trading value reaching FJD 37.3 million, marking the highest level of annual trading since 2019. Furthermore, 2024 recorded the highest number of trades in the history of Fiji’s stock market, demonstrating a strong surge in trading enthusiasm.
Notably, there was a considerable increase in new investors entering the market, the most significant since the pandemic began, indicating a renewed sense of confidence and interest among investors.
The SPX Total Return Index, which encompasses share price fluctuations and dividend returns, saw a solid increase of 7.41%, while the SPX Market Cap Weighted Price Index recorded a 5.09% gain. These positive outcomes signify a hopeful and buoyant outlook for Fiji’s financial landscape as it closes the year on an encouraging note.
In summary, the Fijian stock market’s healthy performance in 2024 reflects a robust economic environment and a strong resurgence of investor confidence, paving the way for potential growth in the upcoming years.
Leave a comment