SHARE TRADING

SHARE TRADING In 1996 shares worth $1.6 trillion traded on emerging stockmarkets, equivalent to 12% of the value of all shares traded worldwide. Though higher than in 1995, turnover in emerging markets did not reach 1994's record levels. The chart below compares turnover in emerging markets with that in the three biggest developed markets. China saw the heaviest turnover last year, equivalent to 225% of market capitalisation (ie, the average share changed hands more than twice). By comparison, the turnover ratio on Wall Street was 84%.