The Fijian stock market has experienced significant growth in 2024, showcasing a strong performance across several key market indicators. Market capitalization saw a notable increase of 9.61%, contributing an additional FJD 321 million to the overall market value.
In terms of trading activity, the total trading value reached FJD 37.3 million, representing the highest annual trading volume since 2019. Moreover, the number of trades executed this year recorded an unprecedented high, marking a historic moment for Fiji’s stock market.
The market also welcomed the largest influx of new investors since the pandemic began, signaling a resurgence of interest and confidence among investors. The SPX Total Return Index, which measures both share price movements and dividend returns, rose by 7.41%, while the SPX Market Cap Weighted Price Index, focused solely on share price movements, saw a gain of 5.09%.
These positive developments reflect a hopeful outlook for the Fijian stock market, indicating a robust recovery and growing investor engagement as the economy continues to stabilize.
Overall, the advancements in the stock market not only highlight economic resilience but also point towards a promising trend for future investments in Fiji. This could potentially lead to further financial growth, creating more opportunities for both new and existing investors.
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