Share Turnover

Share Turnover

A measure of the liquidity of a security calculated by taking the average trading volume for a given period and dividing by the average shares outstanding for the same period. The higher the share turnover ratio is, the more liquid the security is because it indicates that the security can be bought and sold easily.
References in periodicals archive ?
The finance minister said that they would reduce the 0.2% tax on share turnover to half; 0.1% very soon and assured to review whether they can abolish the tax later on.
Value of shares closed at KD 18,820,860.93 with the share turnover amounting to 146,769,342, done in 4,203 deals.
During the week, the average share turnover was 484 million better than last week and market capitalization too climbed to Rs8,469 trillion.
Value of traded shares reached, also upon closing, some 16.3 million, share turnover some 82 million, done in 2,414 transactions.
In their empirical tests, Pereira and Zhang (2010) use Amihud's (2002) measure of illiquidity along with trading volume and share turnover when estimating liquidity volatility.
Hong Kong's exchange should become more liquid, while brokerages, among others, should profit from the greater share turnover.
Speaking at the annual conference of the AFE, which kicked off yesterday, Dr Khalaf asserted, "With the exception of Saudi Arabia, where share turnover stands at 138 per cent and which holds 84 per cent of the shares traded in the region, the turnover of the Arab stock exchanges is low." Dr Khalaf observed, "The 358 million people in the Arab region, where the youth represent 70 per cent of the population, produce more than $1.9 trillion in national income.
He said MSCI has no problem with share turnover, liquidity and share ownership issues.
7 %, said Jalilati, noting that the actual free shares did not exceed 10 % of the total exported shares, which negatively affected the share turnover, among other reasons.
Fee and commission income declined to BD2.3m from BD2.4m and brokerage and other income fell to BD1.14m from BD1.5m reflecting the low cost interest environment, the dearth of capital and debt raising opportunities and a reduced share turnover in the GCC's equity markets.
Fee and commission income declined to BD2.3 million from BD2.4 million and brokerage and other income fell to BD1.14 million from BD1.5 million reflecting the low cost interest environment, the dearth of capital and debt raising opportunities and a reduced share turnover in the GCC's equity markets.
Fee and commission income declined to BHD 2.3 million ($6.1 million) against BHD 2.4 million ($6.36 million) in 2009; brokerage and other income fell to BHD 1.14 million ($3 million), down 31 per cent, reflecting the low cost interest environment, the dearth of capital and debt raising opportunities and a reduced share turnover in the GCC's equity markets.