Asia

BSE doubles turnover in 1996

PUBLISHED : Wednesday, 05 February, 1997, 12:00am
UPDATED : Wednesday, 05 February, 1997, 12:00am

The Bombay Stock Exchange (BSE) has reported that the aggregate turnover of the exchange more than doubled in 1996 over its 1995 base.


From 445.8 billion rupees (about HK$95.9 billion) in 1995, the total turnover rose last year to 940.7 billion rupees.


The turnover in shares approved for forward trade expanded four-fold, while shares outside the list declined by half. The figures revealed a shift from speculative shares to blue chips and pivotals.


Meanwhile, in an effort to enlarge their markets the Bangalore and Coimbatore stock exchanges are to create a link-up this week in a move towards market integration.