The Fijian stock market experienced impressive developments in 2024, showcasing strong performances across several key indicators. Market capitalization, which indicates the overall value of equity shares listed on the SPX, rose by 9.61 percent, resulting in an increase of FJD 321 million in total market value.
Trading activity for the year reached an impressive total of FJD 37.3 million, representing the highest annual trading figure since 2019. Notably, the number of trades executed in 2024 also marked a historic peak for the stock market in Fiji. This surge in trading is indicative of increased participation and engagement from investors.
A significant uptick in new investors was also observed, the highest since the pandemic began, reflecting renewed interest and confidence in the market. The SPX Total Return Index, which measures movements in share prices alongside dividend returns, saw an increase of 7.41 percent in 2024. Additionally, the SPX Market Cap Weighted Price Index, which focuses solely on share price changes, registered a gain of 5.09 percent.
These positive outcomes signify a hopeful and encouraging conclusion to the year for Fiji’s stock market, highlighting its resilience and potential for future growth.
In summary, 2024 was a standout year for Fiji’s stock market, characterized by rising market capitalization, significant trading volumes, and a resurgence of new investors, culminating in strong overall market returns. This positive trajectory bodes well for the future of the Fijian economy and its investment landscape.
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