Market concentration, trading volume,
and liquidity
Table 2 uses market concentration, trading
volume, and turnover ratio to capture stock
market trading intensity, or momentum, to
gain an insight into the prevailing market sentiment
in the Asian stock markets. The 5 per
cent market value shows the share of domestic
market capitalisation accounted for by 5 per
cent of the most heavily capitalised domestic
companies; the 5 per cent trading value repre-