The South Pacific Stock Exchange has recorded a 200 percent increase in new investors from January to May this year compared to the same period last year.
SPX CEO Sheraj Obeyesekere says it is a positive sign that more Fijians are taking the first steps toward building long-term wealth through the stock market.
Obeyesekere says when excluding large negotiated block deals which are typically driven by institutional investors, there has been a 20 percent increase in the value of all other trades.
He says as part of their “Invest for Tomorrow” campaign their teams have visited more than 80 communities across Fiji this year to create investor education.
The CEO further says these efforts reflect SPX’s strong commitment to raising awareness about share investment opportunities which aims to reshape how Fijians view investment.
Obeyesekere adds that they have been deliberate in taking the message of the stock market to the grassroots, not just because it’s good for the market, but because the public deserves to know that they too, can invest and own a share in 20 Fijian companies, an investment offering the potential for attractive returns.
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