131 new investors in past 10 months

THE South Pacific Stock Exchange (SPX) recorded 131 new investors in the past 10 months.

In its Stock Market Trading Report for October, the SPX highlighted that majority of these new investors had been seen to be investing in Fijian Holdings Ltd (FHL) followed by Amalgamated Telecom Holdings (ATH) and FMF Foods Ltd (FMF). Other entities which have attracted new investors include; KFL, FBL, BCN, RBG, CFL, APP, PDM, VIL, RCF, TTS, PBP, FTV and FIL.

According to the report 10 new investors entered the stock market in October this year including multiple existing shareholders who had invested for the first time earlier in the year had re-entered the market during the month.

The re-entry of these shareholders was to either increase their investment in the same listed entity or diversified their investment portfolio by investing in a new listed entity.

Of the total new investors 12 per cent were students.

Meanwhile in terms of age groupings of new investors over the 10 months this year, the SPX highlighted that majority of new investors who entered the market were between the ages of 26 years to 35 years followed by investors between the ages of 36 years to 55 years.

It was also noted that collectively, 50.40 per cent of new investors so far this year had been noted to be below the age of 35 years.

This, according to the SPX was an encouraging trend whereby the young populous was 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 various social media channels.