The South Pacific Stock Exchange has recorded a fall in the stock market.
SPX CEO Krishika Narayan expects this trend to continue for the next coming months.
The capital market value has seen a fall of 3.56 billion dollars in just a matter of weeks.
The South Pacific Stock Exchange has recorded multiple share price movements in the market causing an overall drop.
SPX CEO Krishnika Narayan says there are more sellers than buyers in the market during this COVID-19 pandemic.
COVID 19 has force many businesses into liquidating their assets.
Narayan says they had expected such a downfall in the market, due to the global economic impact of COVID19.
The Exchange is anticipating a further downfall in the coming months, however a lot depends on how investors react to the market situation.