Market outlook – Stock trading focus in 2020

The South Pacifi c Stock Exchange plans to continue to position itself as a service-driven and operationally excellent organisation. Picture: FILE

THE South Pacific Stock Exchange (SPX) plans to continue to position itself as a service-driven and operationally excellent organisation while promoting various universal core values of trust, integrity, ethics and accountability which form the fundamentals of SPX operations as a frontline regulator for the stock market.

In its 2019 stock market analysis, the exchange highlighted that the transformational journey being undertaken by the SPX in recent times was an inspiration to continue its momentum with respect to marketing and enhancing the core business for the SPX which included providing access to capital raising and trading/investment platform for the investors and businesses with an aim to ensure efficiency of capital allocation while supporting broader financial stability.

In its 2020 outlook the SPX emphasised on some major areas that it would focus on and they are:

  •  On the listing and business evolution front, SPX aims to continue promoting the various tax incentives in existence which consistently indicates a firm commitment from the Government of Fiji in aiming to create a more vibrant stock market in Fiji. Through this agenda, we will focus on increasing the number of listed entities and further expansion of our sectorial representation with an aim to position SPX as an improved barometer of Fiji’s economy. Increasing the multiplicity of listed investible products will also remain a key focus for the SPX such as wholesale corporate bonds.
  • On the investor awareness front, SPX intends to leverage its marketing strategies through digital advertising using social media channels focused on publishing relevant content to attract investors and converting their interest into actual investments. Additionally, with the success of our school financial literacy program over the past years, SPX intends to launch a new initiative in 2020 focused on inspiring students to build their confidence and knowledge about the stock market from an early age. The deliverables through these initiatives will once again focus on promoting shares as an attractive investment option in comparison to other domestic alternatives.
  • Attention will also be given to Central Share Registry Pte Ltd (CSRL), the fully owned subsidiary of SPX so that it can continue to extend its business landscape and improve its operational efficiency. The exchange also stated that with ongoing support from the relevant stakeholders, Reserve Bank of Fiji (RBF) and the Government of Fiji, SPX envisages another exciting year of transformational activities for the stock market in 2020. This year the SPX will be hosting the 2020 World Exchange Congress from June 2 to 4.

“As a unique development opportunity and a significant event for the SPX and the entire capital market in Fiji, we are extremely delighted and look forward to hosting the 2020 World Exchange Congress confirmed from 2nd June 2020 to 4th June 2020 at the Sofitel Fiji Resort & Spa on Denarau Island in Nadi. This supreme event is anticipated to inaugurate a new era of growth for the SPX.”

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