The Fijian stock market achieved significant milestones in 2024, showcasing strong performance across key metrics. Market capitalization, which indicates the total value of listed equity shares on the SPX, rose by 9.61%, contributing an additional FJD 321 million to the market’s overall value.
Trading activity also saw impressive results, with total trading values reaching FJD 37.3 million for the year, the highest level since 2019. The number of trades executed this year was unprecedented, marking a historic moment for Fiji’s stock market.
Moreover, the market experienced a surge in new investors, the highest since the pandemic began, reflecting a renewed interest and confidence among market participants. In terms of market returns, the SPX Total Return Index, which accounts for both share price movements and dividend returns, increased by 7.41%. Similarly, the SPX Market Cap Weighted Price Index saw a gain of 5.09%.
These encouraging results signal a positive outlook for Fiji’s stock market as it concludes a successful year, suggesting a vibrant future with increasing investor engagement and a robust market environment.
This development not only benefits local investors but also enhances Fiji’s investment landscape, potentially attracting more international attention in the coming years.
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