Investors were able to execute transactions of Livedoor Co. shares during a brief window Wednesday for the first time since prosecutors raided the firm last week. The stock ended at 137 yen, down 39 yen, or 22 percent, from Tuesday.

Its turnover exceeded 420 million shares, or about 97 percent of the total for the Tokyo Stock Exchange's Mothers market hosting emerging companies' stocks.

The movement came after Livedoor announced a new management team Tuesday night to get a fresh start following the arrest of founder Takafumi Horie.