69 new investors
10 April, 2019, 9:20 am
SIXTY-NINE new investors entered the stock market in March with 60 of them investing solely in Fijian Holdings Ltd shares.
The South Pacific Stock Exchange’s monthly stock market trading report highlighted that seven existing investors were also seen to be re-entering the market during March either increasing their existing shareholdings and/or investing in another listed company as a means to diversify their investment portfolio.
The report also revealed that on a year to date basis, a total of 236 new investors have now entered the Fijian stock market so far this year.
The exchange also noted that 50.00 per cent of new investors were those between 18 years to 35 years, which was an encouraging statistic indicating that the young population was becoming investment savvy and considering share investments as a means to develop a pathway to achieve their future financial goals.
A breakdown of the analysis shows that 14.06 per cent of the new investors during the month of March were below the age of 18 where investments have been done under trust by their parents/guardians.
“This is certainly another positive trend noted whereby investments are done in early years for small children for their future financial goals,” it said.
The report also highlighted that on a consolidated basis for the first three months of 2019, majority of the new investors seeking investment in the stock market fell between the age range of 36 years and 55 years, followed by those between the ages of 26 years and 35 years.
It noted that overall, 70.62 per cent of new investors fell between the age ranges of 26 years to 55 years collectively.
Out of the new investors who entered the stock market 36.86 per cent were those employed in the private sector, followed by the public sector which was ranked second with 19.92 per cent occupancy, followed by others with 18.64 per cent occupancy.