The Fijian stock market demonstrated impressive growth in 2024, marked by significant achievements across various market indicators. The market capitalization saw a substantial increase of 9.61 percent, which translates to an addition of FJD 321 million to the overall market value.
In terms of trading activities, the year recorded a total trading value of FJD 37.3 million, representing the highest annual trading value since 2019. Moreover, the number of executed trades reached unprecedented levels, establishing a new record in the history of Fiji’s stock market.
This year also witnessed a significant rise in new investors entering the market, the highest influx observed since the pandemic began, showcasing a resurgence of investor interest and confidence. The SPX Total Return Index, which considers both share price movements and dividend returns, experienced a growth of 7.41 percent in 2024. Simultaneously, the SPX Market Cap Weighted Price Index rose by 5.09 percent.
Overall, these positive developments indicate a promising conclusion to the year in the Fijian stock market, reflecting robust economic activity and a renewed enthusiasm among investors.
In summary, the Fijian stock market’s growth in 2024 illustrates a vibrant financial landscape with opportunities for continued investment and development, encouraging both seasoned and new investors alike. The increases in market indices highlight a resilient and dynamic market, suggesting a bright future ahead for Fiji’s economy.
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