In the context of a stock exchange, turnover refers to the total monetary value of all trades executed over a defined period — a trading session, week, or month. It is the product of the number of shares changing hands (volume) and the prices at which those transactions occurred.
High turnover on a stock or across the market as a whole indicates strong participation and interest. Low turnover periods often correlate with reduced investor confidence, uncertainty, or simply a quiet news cycle.
Daily turnover figures published by the CSE give a useful sense of market activity. Consistently above-average turnover in a specific stock can signal institutional accumulation, a corporate event, or speculative interest. Unusually low turnover periods sometimes precede a significant price move.
Investors use turnover as a liquidity proxy — stocks with consistently high daily turnover are easier to buy and sell without significantly impacting the price.