The Fijian stock market, operated by the South Pacific Stock Exchange (SPX), has recorded an encouraging start to 2026, with total trading value reaching $61.2 million by the end of March, signalling a strong uplift in market activity.
SPX says this performance has already surpassed the full-year trading values recorded annually from 2016 to 2024, placing the market on track to exceed the $62.6 million recorded in 2025 well ahead of schedule.
It says the elevated trading levels have been supported by increased participation from institutional investors, contributing to more consistent secondary market activity.
SPX adds that the strong trading performance is complemented by several key developments during the first quarter of 2026.
It says notably, 2026 marks the first time the Fijian market has recorded multi-product listings within a single year, with the equity listing of Shreedhar Motors Limited and the wholesale corporate bond listing of RB Patel Group Limited completed during the period.
SPX says it is also seeing growing interest from corporates exploring listing and capital raising opportunities, pointing to a strengthening pipeline of potential issuers.
It adds this suggests more Fijian companies are beginning to view the stock market as a viable platform for growth and long-term capital.
In another significant development, SPX says the Reserve Bank of Fiji and SPX have approved the establishment of SUN Stockbrokers, set to commence operations shortly.
It says this represents the first new stockbroker firm to enter the Fijian market in 25 years and is expected to enhance market accessibility, improve service coverage, and support broader investor participation.
SPX further says the expansion of the stockbroking industry is a critical step in deepening the market, particularly in a landscape currently served by only three licensed stockbroker firms.
It adds that the first three months of this year also saw $15 million in foreign investor inflows into the Fijian stock market, reflecting growing foreign investor interest in local stocks.
SPX says historically, foreign investment activity in the market has been relatively modest, with annual inflows typically at significantly lower levels and remaining below $1 million in most years.
It says the foreign inflows recorded in early 2026 already represent several times these historical levels within a significantly shorter period.
SPX adds that globally, stock markets play a key role in attracting foreign capital, and while Fiji remains a developing market, this trend signals emerging potential for the Fijian stock market to contribute more meaningfully to foreign investment inflows.
South Pacific Stock Exchange CEO Sheraj Obeyesekere says the first three months of this year have delivered a number of important milestones for the market.
He says what is encouraging is that this progress is not limited to one area and is taking place on multiple fronts.
Obeyesekere says they are seeing companies raising capital through various tools in the market, a new entrant entering the stockbroking industry, increased participation from institutional investors, and growing interest from foreign investors.
He adds that these are all different signals pointing towards growing confidence in the Fijian stock market.
He says these are early but significant indicators that the market is beginning to evolve into its next phase of growth.
