The stock market in Fiji experienced significant achievements in 2024, showcasing strong performance across key market metrics. The market capitalization, indicative of the total value of equity shares listed on the SPX, witnessed a remarkable 9.61 percent increase, adding FJD 321 million to its overall value.
Trading activity also saw a considerable boost, with the total trading value for the year reaching FJD 37.3 million, the highest annual figure since 2019. This surge in activity is complemented by the record number of trades executed, marking an all-time high in the history of Fiji’s stock market.
The year also brought a notable influx of new investors, the most substantial since the pandemic began, signaling a revival of investor interest and confidence in the market. Concerning market returns, the SPX Total Return Index, which reflects both share price changes and dividend yields, rose by 7.41 percent. Meanwhile, the SPX Market Cap Weighted Price Index recorded a gain of 5.09 percent.
These positive trends signify a hopeful outlook for the Fijian stock market, suggesting a strong recovery and growing investor enthusiasm as the economy continues to rebound. This revitalization is a testament to the resilience of the market and the increasing confidence among both local and foreign investors.
In summary, 2024 proved to be a pivotal year for the Fijian stock market, reflecting strong growth, increased trading activity, and a reinvigorated investor base, setting a promising stage for future developments.
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