secondary market


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Related to secondary market: money market, Capital market

secondary market

n.
The market in which securities or similar items, such as tickets, trade after they have been issued.
American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
References in periodicals archive ?
In the secondary market, 12,808 residential units were sold under Dh5 million in contrast with only 1,254 such homes sold for over Dh5 million.
Most of the transactions accounted for the transactions with bonds in the secondary market. Their daily volume amounted to 14.76 million manats.
Summary: Despite still low volumes, more secondary market deals show value gains
The Penang branch of the Malaysian Institute of Estate Agents (MIEA) has asked that the government extend the incentives under its Home Ownership Campaign (HOC) to encompass the secondary market.
In the secondary market, we expect the bullish performance to linger.
Whilst this paves the way for capital market efficiencies, full benefits are not realised without a secondary market and this absence results in scepticism about digital securities.
In second place is an Emirates Hills 6-bedroom villa spanning 17,800 sqft that fetched Dh64 million on the secondary market. And in third place is a 5-bedroom Garden Home villa on the Palm Jumeirah's Fronds which sold on the secondary market for Dh51 million.
This was also slightly higher than the secondary market rate for the same securities, which settled at 3.2137 percent before the auction closed.
On the other hand, Dubai Marina and International City led the secondary market apartment sales, along with Dubai Sports City, which accounted for 33% of the total apartment secondary sales during the second quarter of the year.
The auction committee rejected all bids for the 91-day tenor, seeing that rates went beyond secondary market levels.
figure By CHARLES MWANIKIbr Bonds turnover at the Nairobi Securities Exchange (NSE) rose 11.2 per cent in May as investors channelled excess funds into the secondary market due to limited uptake of bids in primary auctions by the Central Bank of Kenya.Market data compiled by Cytonn Investments shows that the bonds turnover stood at S4.8 billion last month compared to S0.3 billion in April, with the volumes expected to rise further this month due to easing liquidity in the market.

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