To my knowledge turnover in share market context is number of shares traded divided by total shares outstanding. But in this case the turnover is $42,919,227 denoted by $ sign other than a ratio, and I can't figure out how is this number calculated? Even I multiply lowest day price $6.67 with volume 6,696,258 I get $44,664,040 which is still larger than aforementioned turnover value. Thanks!
The Business Dictionary has three definitions of "turnover". When it comes to share dealing, the most likely one is the total value of shares traded on the stock exchange in a given period.
$42,919,227 and a volume of 6,696,258 shares, the average price-per-share would be $6.41 (to 2dp), which is below the lowest price shown ($6.67).
Commented
Oct 17, 2017 at 7:24