The Fijian stock market showcased remarkable progress in 2024, as evidenced by a range of significant market indicators. The market capitalization, indicative of the overall value of the equity shares listed on the SPX, surged by 9.61%, resulting in an additional FJD 321 million to the market value.
Trading activity flourished as well, with a total trading value reaching FJD 37.3 million, the highest annual trading value recorded since 2019. Additionally, the number of trades conducted in 2024 reached unprecedented levels, establishing a new milestone in the history of Fiji’s stock market.
This year also witnessed a considerable influx of new investors, the most significant since the pandemic began, reflecting a renewed interest and confidence in the market.
In terms of market performance, the SPX Total Return Index, which monitors share price fluctuations along with dividend returns, rose by 7.41%. Likewise, the SPX Market Cap Weighted Price Index recorded an increase of 5.09%.
Overall, these encouraging results signal a positive trajectory for the Fijian stock market, suggesting a bright future and renewed investor optimism as we move forward. The continued recovery and growth may pave the way for further economic development in the region, making this an exciting time for both current and prospective investors.
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