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Assessment of an emerging stock market: the case for Fiji's stock market

White, Michael M. and Mala, Rajni (2006) Assessment of an emerging stock market: the case for Fiji's stock market. International Research Journal of Finance and Economics, 6 . pp. 116-132. ISSN 1450-2887

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    Abstract

    Stock market is seen as a very significant component of the financial sector of any economy. It is also seen as playing a vital role in the mobilization of capital in many of the emerging economies. Consequently, this paper focuses on Fiji’s stock market i.e. the South Pacific Stock Exchange (SPSE) and its development. The study looks at how SPSE has developed from the time of its formal establishment. It also looks at some of the current impediments affecting its development and provides some possible suggestions. The market trends in terms of stock market size, volume and value of trade, market capitalization, market liquidity, market concentration and number of listings were considered. The findings show that the SPSE is still at an early stage of its development path and the market indicators have not been very encouraging. The study finds that the Fiji’s stock market size is quite small and is characterized by poor liquidity with high market concentration. It contends that if the stock market in Fiji needs to be developed then the current challenges facing the stock market really need to be addressed and the market players need to be more focused with policies that will lead to the stock market development.

    Item Type: Journal Article
    Subjects: H Social Sciences > HG Finance
    Divisions: Faculty of Business and Economics (FBE) > School of Accounting and Finance
    Depositing User: Ms Neha Harakh
    Date Deposited: 29 Mar 2006 19:00
    Last Modified: 23 May 2012 17:34
    URI: http://repository.usp.ac.fj/id/eprint/4337
    UNSPECIFIED

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