The Fijian stock market experienced remarkable growth in 2024, showcasing strong performance across various market indicators. Market capitalization rose by 9.61 percent, adding FJD 321 million to the overall market value of equity shares listed on the SPX.
In terms of trading activity, the total trading value for the year reached FJD 37.3 million, representing the highest annual trading volume since 2019. Notably, the number of trades conducted during this period was unprecedented, marking a record high in the history of Fiji’s stock market.
Furthermore, the market witnessed a significant increase in new investors, the largest influx since the COVID-19 pandemic, indicating a resurgence of confidence and interest among investors. The SPX Total Return Index, which accounts for share price fluctuations and dividend yields, recorded a rise of 7.41 percent in 2024. Similarly, the SPX Market Cap Weighted Price Index, tracking share price movements, saw an increase of 5.09 percent.
These encouraging results signal a positive outlook for the Fijian stock market and demonstrate resilience and growth despite past challenges. The renewed investor confidence and increased trading activity may lay the groundwork for further advancements in the market, heralding a hopeful future for economic recovery in the region.
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