The Fijian Stock Market has reported strong growth across key market indicators in 2026, reflecting increased investor participation, higher trading activity and continued confidence in Fiji’s capital market.
Year-to-date trading value has reached FJ$77.7 million, representing a 166% increase compared to the same period last year and marking the highest level of market turnover recorded since 2015. Trading volume has also increased significantly, rising 191% to more than 42.6 million shares, while the total number of trades is up nearly 65%.
The Exchange also achieved important milestones early in the year, with total trading volume surpassing the previous year’s full-year result on 18 March, while total trading value exceeded the entire 2025 figure on 21 April, highlighting the strong momentum experienced.
Investor participation has continued to strengthen, with 727 new investors entering the market as of July this year, representing a 202% increase over the same period last year. New investor intake set a record in two consecutive months, with 111 investors joining in June and 116 in July, the highest monthly figures on record.
Since late 2024, SPX has undertaken an extensive awareness and outreach campaign directed at communities and everyday Fijians, aimed at building public understanding of stock market investment. The response has been encouraging. SPX and the licensed stockbroking firms have observed a steady improvement in retail investor participation, alongside growing interest from Fijians seeking to invest in the stock market for the first time.
Listed companies have also continued to deliver value to shareholders, with total dividends declared reaching FJ$55 million by July 2026, a 15% increase compared to FJ$48 million declared during the same period in 2025.
Overall market indicators have also continued to strengthen. Market capitalisation has risen to FJ$4.05 billion, a 12.22% increase year-on-year and its highest level since January 2020. As at end July, the SPX market indices have recorded positive growth, with the SPX Total Return Index, which tracks both price movement and dividend returns of listed companies, recording 4% growth since the start of 2026 and up 11.35% year-on-year.
2026 has produced a series of firsts for the Exchange. The first year in SPX’s history to record both equity and debt new listings. The licensing of a new stockbroking firm, the first in 25 years, has expanded the market’s distribution capacity.
The Exchange is concurrently advancing a number of critical market development initiatives spanning technology enhancements, improvements to the regulatory framework, and new product development. These initiatives are expected to be consequential to the future growth and depth of the Fijian capital market.
SPX CEO Sheraj Obeyesekere said, “These results are not a single year’s outcome. They reflect a deliberate programme of work begun in mid-2024, by the Exchange and by the market as a whole, to make the Fijian stock market more visible, more accessible and more relevant to ordinary Fijians and the economy.” He noted that these developments reflect the combined effort of listed companies, the licensed stockbroking firms, investment advisors and the Reserve Bank of Fiji, alongside the Exchange’s own market development programme, and said SPX remains focused on the structural reforms ahead.
