50.4% Investors Below 36-55 yrs

SOUTH PACIFIC STOCK EXCHANGE IMPRESSED BY NEW TREND OF YOUNG INVESTORS THIS YEAR

The South Pacific Stock Exchange last month recorded 10 new/first time investor. It was interesting to note that 12 per cent of the new inves-tors were students.

It is apparent that majority of new investors who have en-tered the market are between the ages of 26 years to 35 years followed by investors between the ages of 36 years to 55 years.

Collectively, 50.40% of new investors this year are below the age of 35 years.

This is an encouraging trend whereby the young populous is now being seen to become more financially aware about the long-term benefits of investing their savings in investment products such as shares.

The SPX credits such shift in investor approach to its ongoing investor awareness initiatives being undertaken through vari-ous social media channels.

SPX noted that multiple existing shareholders who had invest-ed for the first time earlier this year had re- entered the mar-ket during the month to either increase their investment in the same listed entity or diversified their investment portfolio by investing in a new listed entity.

In total, over the past ten months, 131 new investors have been recorded where majority were seen investing in Fijian Holdings Limited (FHL) followed by Amalgamated Telecoms Holdings (ATH) and FMF Foods Limited.

By Investor Type

Over the past ten months, “Individual” investors accounted for the major portion of new investors by investor type fol-lowed by “Joint/Family” and “Trust” type of investors.

By Occupation

The new investors by Occupation so far in 2022 show that majority of the new investors entering the stock market are represented by those employed in the Private Sector followed by Others (this includes selfemployed investors, Trust, Mataqali and Yavusa).

Monthly Growth

The overall market value for the month of October stood no-ticeably higher by 6.59 percent compared to September and concluded at $3.18 billion.

The increase is mainly because of the increase in share price for stocks such as; ATH, CFL, FIL and FMF.