The Fijian stock market experienced significant achievements in 2024, demonstrating strong performance across major market indicators. Market capitalization—the total value of equity shares listed on the SPX—saw an increase of 9.61 percent, adding FJD 321 million to the overall market value.
Trading activity reached impressive heights, with the total trading value for 2024 amounting to FJD 37.3 million. This figure represents the highest annual trading value recorded since 2019. Additionally, the number of trades executed in 2024 was the greatest in Fiji’s stock market history, highlighting a remarkable surge in trading activity.
A noteworthy aspect of this year’s market was the influx of new investors, the highest since the pandemic began, indicating a refreshing wave of investor interest and confidence in the market. The SPX Total Return Index, which tracks share price movements along with dividend returns, experienced a rise of 7.41 percent in 2024. Meanwhile, the SPX Market Cap Weighted Price Index, focused on share price movements alone, reported a gain of 5.09 percent.
These developments suggest a positive outlook for Fiji’s stock market as it wrapped up 2024, reflecting renewed investor enthusiasm and economic resilience.
This optimistic conclusion serves as a beacon of hope for continued growth and stability in the future of the Fijian economy, fostering an environment that encourages both local and international investments. Overall, the achievements of this year pave the way for a promising financial landscape moving forward.
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