Trading activities on the South Pacific Stock Exchange (SPX) soared in 2025, reaching an impressive $62.65 million, marking the highest annual trading value since 2015. This figure not only exemplifies a remarkable 68 percent increase compared to 2024 but also highlights a significant surge in trading activity and investor participation in the marketplace.
The increase in trading is further evidenced by the rise in average daily turnover, which surged by 69 percent to $249,610. This vital metric indicates enhanced market health and showcases a growing engagement among investors and traders alike.
From a corporate standpoint, 2025 also proved to be a pivotal year for dividend distributions on the SPX. Listed companies collectively disbursed a total of $103 million in dividends to shareholders, surpassing the prior year’s record of $76 million in 2024. The dividend payouts involved 18 of the 20 listed companies, signaling a consistent trend of shareholder returns among SPX constituents.
The profitability landscape was equally impressive, with 19 out of the 20 listed companies reporting profits in 2025. This positive outcome reinforces the resilience and robustness of Fiji’s corporate sector amidst a dynamic economic environment.
Moreover, 2025 remains historic for Fiji’s capital markets, as it marked the unique occurrence of registering both equity and debt offerings within the same calendar year. Noteworthy developments include the initial public offering (IPO) by Shreedhar Motors Limited and a corporate bond offer from RB Patel Group Limited, which exemplify the ongoing revitalization of the IPO market that began in 2024. These efforts mirror an increasing interest among private sector enterprises to utilize the stock exchange as a platform for long-term growth and financing strategies.
SPX chairperson Nitin Gandhi highlighted that these accomplishments reflect a growing confidence in Fiji’s capital market. He emphasized that the upsurge in trading values and transactional activities supports critical market functions, including price discovery, liquidity, and overall credibility.
The strong performance in dividends and market returns underscores the inherent strength of Fiji’s listed companies and reinforces the stock market’s critical role in facilitating long-term wealth creation. The simultaneous registration of equity and debt offerings signals a renewed commitment from the private sector to harness public markets for growth and diversification.
Overall, these developments create a robust foundation for a more resilient capital market in Fiji, promising a hopeful outlook for future investment opportunities and economic growth.