The Fijian stock market experienced significant milestones in 2024, showcasing a strong performance across several key indicators. Market capitalization—the total value of equity shares listed on the SPX—grew by 9.61%, contributing an impressive FJD 321 million to its overall value.
Trading activity also hit new heights, with the total trading value reaching FJD 37.3 million, the highest recorded annual trading value since 2019. Furthermore, the number of trades executed in 2024 set a record, indicating an unprecedented level of activity in Fiji’s stock market.
This year also marked a notable resurgence of investor interest, as the market welcomed the highest number of new investors since the pandemic began. This influx underscores a renewed confidence among investors in the Fijian market.
In terms of market returns, the SPX Total Return Index—monitoring both share price shifts and dividend yields—increased by 7.41% in 2024. Meanwhile, the SPX Market Cap Weighted Price Index, which focuses solely on share price movements, recorded a gain of 5.09%.
Overall, these encouraging results signal a positive outlook for the Fijian stock market and suggest robust economic resilience as it continues to recover and grow post-pandemic. With a thriving market environment, both new and existing investors can remain optimistic about future opportunities in Fiji’s financial landscape.
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