Trading activities on the South Pacific Stock Exchange (SPX) in 2025 reached an impressive $62.65 million, marking the highest annual trading value since 2015. This figure reflects a remarkable 68 percent increase compared to 2024, indicating a significant uplift in trading activity and greater investor participation.
The increase in trading was further illustrated by the average daily turnover, which rose by 69 percent to $249,610. This metric is a vital indicator of market health and demonstrates heightened engagement from participants.
From a corporate perspective, 2025 was also a landmark year for dividend distributions. SPX reported that listed companies paid out a consolidated total of $103 million in dividends to shareholders, surpassing the previous record of $76 million set in 2024. Dividends were distributed by 18 of the 20 listed companies, affirming ongoing trends in shareholder returns among SPX constituents.
This surge in profitability was notable, with 19 out of the 20 listed companies reporting profits during the year. Such results highlight the resilience and strength of Fiji’s corporate sector.
Additionally, 2025 was a historic year for Fiji’s capital market, as it witnessed the registration of both equity and debt offerings in a single calendar year. The initial public offering (IPO) by Shreedhar Motors Limited and a wholesale corporate bond offer from RB Patel Group Limited represent significant progress. These developments build on the progress made in revitalizing the IPO market in 2024 and reflect increasing interest from private sector companies to utilize the stock exchange for long-term growth and financing strategies.
SPX chairperson Nitin Gandhi noted that these achievements demonstrate growing confidence in Fiji’s capital market. He emphasized that the surge in trading values and transaction activities supports essential market functions such as price discovery, liquidity, and overall credibility.
The strong performance in dividends and market returns reinforces the robust nature of Fiji’s listed companies and highlights the stock market’s role in facilitating long-term wealth creation. The concurrent registration of both equity and debt capital-raising offers indicates a renewed commitment from the private sector to leverage public markets for growth and diversification.
Overall, these developments suggest that the foundation for a more profound and resilient capital market in Fiji continues to strengthen, offering a hopeful outlook for future investment opportunities.