This is a market where buying and selling of shares, debentures and government bonds take place. E.g. Lagos stock Exchange Market established in 1960.
STOCK EXCHANGE MARKET AND ITS IMPORTANCE TO ECONOMIC DEVELOPMENT
- The stock exchange market enables investors to buy and sell shares.
- They also enable securities to be valued and bought at any time.
- They arrange for new issuance of shares. They equally fight against fraud amongst the security holders.