The South Pacific Stock Exchange (SPX) has reached a remarkable milestone, achieving its highest annual trading value since 2015, with total turnover hitting $60 million this year. CEO Sheraj Obeyesekere announced this impressive development, marking a substantial 70 percent increase compared to figures from 2024. This positive trend signals heightened confidence among Fijian investors and underscores a revitalized market activity.
Obeyesekere emphasized that this year’s trading total represents a clear turning point for Fiji’s capital market. The growth in trading value is largely driven by increased retail activity, particularly from individual investors and the general public, indicating a rising engagement in the stock market.
He further noted that the improvement in trading performance is broad-based and not solely reliant on a few influential companies, showcasing a diverse participation across various sectors. “We have seen activities improving across the board,” Obeyesekere remarked, indicating a strengthening market buoyed by widespread interest.
Looking to the future, the SPX has plans for further growth through upcoming corporate bond and equity listings. This diversification strategy aims to deepen Fiji’s capital market and create enhanced investment opportunities for both local and international investors.
The upward trajectory of the SPX reflects a promising future for the Fijian stock market. With increasing investor participation, successful new listings, and strong dividend payouts, the SPX is nurturing an environment ripe for economic growth and engagement. The progress made in 2024 lays a solid foundation for enhanced investor involvement and capital development in 2025 and the years to come.