THE South Pacific Stock Exchange recorded 13 new/first time investors who entered the trading market during November.
Meanwhile eight existing investors re-entered the market either increasing their existing shareholdings in listed companies and/or in some cases diversifying their investment portfolio by investing in additional companies.
According to the SPSE’s monthly stock market trading report for November, on a year-to-date basis, 181 new investors have now entered the stock market over the eleven months of 2018 — an increase of 35.07 per cent in comparison with the same period in 2017 when the number of new investors stood at 134.
It was also highlighted that over the 11 months of this year, 79.01 per cent was represented by individual investors which included private and public sector employees, farmers, students, retirees and investors who were self-employed.
Joint/family type of investors came second standing at 13.26 per cent which is then followed by institutional investors tallying at 4.97 per cent over the eleven month period.
A review of the new investors by type of employment indicates that 57.46 per cent of the new investors entering the stock market are those employed in the private sector.
The report stated that those employed in the public sector rank second which is followed by others (includes minor investors, institutions, domestic workers, trusts, provinces, mataqali and those in self-employment).
In terms of age, the analysis of new investors seeking investment in the stock market shows that majority of the new investors fall between the age range of 26 years to 35 years. According to the SPSE this is followed by those between the ages of 36 years to 55 years which is showing a rapid increase.
The exchange also highlighted that overall it can be witnessed that 66.07 per cent of new investors fall between the age ranges of 26-55 years collectively.
