Local Turkey

Turkey’s Borsa Istanbul most liquid market in 2020

Global stock exchange markets’ market price totals $112.7T in 2020, capital markets association says

While the total market price of the global stock exchange markets reached $112.7 trillion, increasing 19% year-on-year in 2020, Turkey’s Borsa Istanbul was the most liquid trading platform in the world with a share turnover ratio of 381.

The US’ New York and Nasdaq stock exchanges were the most valuable markets in 2020 with market prices of $26.23 trillion and $19.06 trillion, respectively, while the Chinese Shanghai stock exchange followed them with $6.97 trillion in value, according to a report by the Turkish Capital Markets Association on Tuesday.

Borsa Istanbul’s market price is around $237 billion, the report showed.

In 2020, when the pandemic hit several economic activities, stock exchange markets were also affected, especially in the first quarter of the year, the report said.

With central banks’ monetary expanding moves, demand for the global stock market improved in the year, it added.

The report also showed that global stock exchange markets’ total trading volume increased by 45% in 2021 on an annual basis to reach $183.27 trillion.

While Turkey’s Borsa Istanbul was the most liquid market with a share turnover ratio of 381 in 2020, Chinese Shenzhen (341) and Nasdaq (267) followed it.

Share turnover is calculated with the total number of shares traded in a period and the total shares outstanding in the same period, higher share turnover means more liquid shares.

According to the report, while advanced economies’ stock markets closed the year with positive results, stock exchange markets in developing countries saw losses on a US dollar basis.


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