SHARE trading at the South Pacific Stock Exchange (SPX) reached $61.2million for the first three months of this year, “an encouraging start to 2026” according to the exchange.
“This performance already surpasses 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,” SPX said in a statement.
“The elevated trading levels have been supported by increased participation from institutional investors, contributing to more consistent secondary market activity.”
Key developments during the first quarter of 2026 were:
Multi-product listing
According to SPX, 2026 is the first time the market recorded multi-product listings within a single year, with the equity listing of Shreedhar Motors Limited (SML) and the wholesale corporate bond listing of RB Patel Group Limited (RBG) completed during the period.
“SPX is also seeing growing interest from corporates exploring listing and capital raising opportunities, pointing to a strengthening pipeline of potential issuers,” it stated.
“This suggests that more Fijian companies are beginning to view the stock market as a viable platform for growth and long-term capital.”
New brokerage firm
The approval of the establishment of SUN Stockbrokers by the Reserve Bank of Fiji signals the expansion of the stockbroking industry and is a critical step in deepening the market, particularly in a landscape currently served by only three licensed stockbroker firms.
“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 stated.
SUN Stockbrokers is set to begin operations shortly.
Foreign investment inflows
The first quarter of 2026 also saw $15 million in foreign investor inflows into the Fijian stock market, reflecting growing foreign investor interest in Fijian stocks.
It also reflected a growing interest in an area where market activity had been relatively modest, with annual inflows typically at significantly lower levels, remaining below $1 million in most years.
“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,” SPX stated.
SPX chief executive officer Sheraj Obeyesekere said these were important milestones for the market.
“What is encouraging is that this progress is not limited to one area and is taking place on multiple fronts,” he said.
“We are seeing companies raising capital through various tools in the market, a new entrant coming into the stockbroking industry, increased participation from institutional investors, and growing interest from foreign investors.
“These are all different signals pointing towards growing confidence in the Fijian stock market and early but important indicators that the Fijian stock market is starting to evolve into its next phase of growth.”
