Seoul: The average daily value of stocks traded on South Korea's alternative stock trading platform, Nextrade (NXT), has climbed to over half of the amount traded on the country's main bourse, industry data showed Thursday. The daily average stock turnover of NXT reached 8.2 trillion won (US$5.9 billion) in the period from August 1 to August 12.

According to Yonhap News Agency, this figure represents 50.8 percent of the daily average stock turnover on the Korea Exchange (KRX) during the same timeframe. It marks the first occasion that NXT's turnover has surpassed half the level of KRX since NXT commenced operations on March 4. During the 12-day period, investors on NXT traded an average of 202.5 million shares per day, which corresponds to 17.4 percent of the average trading volume on KRX.

NXT's market share, based on daily average stock turnover, has shown significant growth. It increased from 3.8 percent in early April to 31.8 percent in July and further to 33.8 percent in August. Additionally, the number of stocks listed on the alternative platform has seen a sharp rise, growing from 10 to 788 over a five-month period, as indicated by the data.