This year looks more positive for the South Pacific Stock Exchange.
It looks like the Exchange is working hard to attract new investors, especially with the attractive Government policies.
Last year, an impressive trend was recorded in terms of new investors seeking opportunities in the stock market.
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The Exchange noted that new investors entering the market were focused on establishing a diversified investment portfolio, investing in multiple listed stocks rather than focusing on one particular stock only.
Overall, considering the current market sentiments combined with the existence of various incentives for listing on SPSE, it is obvious that a company which has attractive prospects and has been contemplating floating its shares on the market will find a ready base of investors willing to take up the share offer.
The Exchange said, “with this optimistic environment, it is certainly an ideal period for all those companies to proceed with their plans to go public”.
Last year a total of 209 new investors entered the Fijian Stock Market, an increase of 42.18 per cent in comparison to 2017.
This is according to the 2018 Stock Market Review released by the South Pacific Stock Exchange.
These new investors yielded 468 trades and contributed 8,913,765 shares in volume traded and garnered $11,514,616 in value traded.
Overall, the new investors demonstrated an impressive contribution towards the overall trading statistics for 2018 accounting for 26.43 per cent of the overall number of trades, 63.84 per cent of the overall volume traded and 46.27 per cent of the overall value traded.
The SPSE is determined to continue its momentum with respect to marketing its core business of an access to finance and investment/trading platform and simultaneously strive to position itself as a service-driven and operationally excellent organisation.
This includes the adoption of better technological platforms to enhance ease and reduce the cost of doing business in the Fijian Stock Market.
The Exchange has said time and again that it would endeavour to actively pursue growth avenues and establish collaborative relationships and/or strategic partnerships where applicable to inaugurate a pathway towards the further success of SPSE.
Its primary agenda will therefore continue to focus on increasing the number of listed companies with an aim to position SPSE as a better barometer of Fiji’s economy.
So if you are wishing to invest get started with the South Pacific Stock Exchange.
Feedback: maraia.vula@fijisun.com.fj
