Like other developing countries, Fiji’s stock market is also playing a crucial role in the economy. It encourages companies to make IPOs and also provides a regulated market for the trading of existing shares between investors. Its basic function is a secondary market role facilitating the exchange of previously issued shares. It can be seen as an emerging stock market because there is an increase in the market capitalization, stock market size and number of companies listed from the period 1996 to 2005. Thus the market is in the development phase. But at the same time the SPSE is.
