Fiji’s stock market has recorded its highest trading turnover since 2015 as the South Pacific Stock Exchange introduces new rules aimed at ensuring official share prices better reflect meaningful market activity.
Trading activity on Fiji’s stock market has accelerated sharply in 2026, accompanied by changes to the way official prices of listed securities are established.
By July, year-to-date trading value on the South Pacific Stock Exchange had reached FJ$77.7 million, a 166 per cent increase over the corresponding period last year and the highest market turnover recorded since 2015.
Trading volume increased 191 per cent to more than 42.6 million shares, while the number of trades rose nearly 65 per cent.
Investor participation has also expanded.
SPX CEO Seraj Obeyesekere.
SPX Chief Executive Sheraj Obeyesekere said 727 new investors had entered the market by July, representing an increase of more than 200 per cent over the same period last year.
The Exchange reached several milestones early in the year. Trading volume had already exceeded the entire 2025 total by 18 March, while trading value surpassed the previous year’s full-year figure by 21 April.
Against that backdrop, SPX introduced a new Price Setting Trade Framework in August designed to improve how official reference prices are determined.
Under the framework, only trades considered sufficiently substantial by the Exchange will determine the official reference price of a security.
Smaller trades remain fully valid and continue to be executed, reported and settled normally. Investors receive the price agreed for their transaction.
The distinction is that very small transactions will no longer necessarily alter the reference price used to calculate company valuations, market capitalisation and market indices.
SPX has said there is no minimum trade value or minimum number of shares required to participate in the market.
The qualifying thresholds used for price-setting will not be publicly disclosed.
The interim system is expected to remain until new trading technology automates the process.
The combination of higher turnover and strengthened market mechanisms represents an important development for Fiji’s capital market.
A deeper and more active exchange can provide businesses with alternatives to conventional bank finance while giving local investors opportunities to participate directly in corporate growth.
The latest figures suggest investor interest is increasing. The challenge for SPX will be converting the current surge in activity into sustained liquidity, new listings and broader participation.
