Hectic day on ’change
In one hectic day, on Tuesday, 210 million shares changed hands on the Tokyo Stock Exchange.
The market slumped badly under heavy profit taking and a general liquidation of positions. The index" fell by 21 per cent during the day.
This volume of 210 million shares is equal to about 10 times the trading volume on an average active day on the New York Stock Exchange.
The Sydney or Melbourne exchanges would need to trade for about a year to reach that volume.
All New Zealand exchanges combined have a trading volume of about 50 million shares a year, and therefore would need four years to equal 210 million shares, whereas the volume represents about 24 year’s trading for the Christchurch Stock Exchange alone.
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Bibliographic details
Press, Volume CXI, Issue 32587, 22 April 1971, Page 1
Word Count
128Hectic day on ’change Press, Volume CXI, Issue 32587, 22 April 1971, Page 1
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