The Fijian stock market experienced significant achievements in 2024, showcasing a strong performance across various market indicators. The market capitalization, which represents the total value of equity shares on the SPX, saw a remarkable increase of 9.61%, contributing an additional FJD 321 million to the overall market value.
Trading activities also thrived, with the total trading value for the year reaching FJD 37.3 million. This figure marks the highest annual trading value since 2019, indicating a revitalization in market participation. Furthermore, the number of trades conducted in 2024 reached an unprecedented level, setting a new record for Fiji’s stock market history.
Another positive development was the notable rise in new investors entering the market, the highest since the pandemic began, reflecting a renewed sense of investor confidence and interest in the Fijian economy.
In terms of returns, the SPX Total Return Index, which tracks share price movements and dividends, rose by 7.41% in 2024. The SPX Market Cap Weighted Price Index also reported a gain of 5.09%. These promising results concluded the year on a high note for the Fijian stock market.
Overall, the developments in 2024 highlight a hopeful trend towards economic recovery and growth in Fiji, encouraging both existing and potential investors to engage with the market as confidence continues to rebuild.
Summary: The Fijian stock market experienced a strong performance in 2024, with notable increases in market capitalization, trading activity, and new investors. Key indices also reported positive returns, indicating a promising outlook for the economy.
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