What is the objective of the secondary market?

Once a company’s new securities have been sold in the primary market, they are then traded on the secondary stock market. It enables a constant valuation of the securities and helps in building the demand and supply. In this way, it helps in determining the price of the securities. Here, investors get the opportunity to buy and sell the shares among themselves at the prevailing market prices. Typically investors conduct these transactions through a broker or other such intermediary who can facilitate this process.