The South Pacific Stock Exchange (SPX) has achieved a significant milestone, recording its highest annual trading value since 2015, with a total turnover of $60 million this year. Sheraj Obeyesekere, the CEO of SPX, announced this development, highlighting a 70 percent increase from 2024 figures, marking a positive trend in market activity and signaling increased confidence among Fijian investors.
“This year’s total has reached $60 million in trading, the highest annual figure since 2015,” Obeyesekere remarked, noting that this achievement represents a turning point for the capital market in Fiji. The notable growth in trading value is primarily attributed to a surge in retail activity, particularly from individual investors and the general public, indicating a growing engagement in the stock market.
Obeyesekere elaborated that the improvement in trading performance is broad-based and not reliant on a few dominant companies, showcasing increased participation across various entities. “We have seen activities improving across the board,” he stated, emphasizing that the overall market is benefiting from heightened interest rather than being driven by a select few firms.
Looking ahead, SPX is positioned for further growth with upcoming plans for corporate bond and equity listings. This diversification effort is expected to further deepen Fiji’s capital market and enhance investment opportunities for both local and international investors.
The positive trajectory of the SPX is reflective of a vibrant future for the Fijian stock market. With growing investor participation, successful new listings, and robust dividend payouts, the SPX is cultivating an environment ripe with possibilities for economic growth and engagement. The momentum gained in 2024 sets a promising foundation for deeper investor involvement and capital development in 2025 and beyond.