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Number of major stock market players hits 6-year high

2017/10/13 15:00:11

Taipei, Oct. 13 (CNA) The number of major retail investors in Taiwan's stock market in the third quarter hit a six-year high as surging share prices have drawn more big investors, according to the Taiwan Stock Exchange (TWSE).

Data compiled by the TWSE showed the number of investors who traded more than NT$500 million (US$16.56 million) in stocks in a single quarter reached 1,198 in the third quarter, the highest since the third quarter of 2011, when the number hit 1,416.

The number for the July-September period was up 515 from a quarter earlier as the market's benchmark index stayed above the 10,000-point mark after breaching that level for the first time in 17 years in May.

A booming stock market has encouraged big market players to return to the market to take advantage of the upturn, analysts said.

On Friday, the benchmark index, the Taiex, closed up 0.12 points at 10,724.09, marking the 100th consecutive trading session in which share prices traded above that level, the longest run for the index above that level in the market's history.

The number of investors who traded shares valued at NT$100 million to NT$500 million in the quarter also hit a six-year high in the third quarter, rising 60 percent from a quarter earlier to 9,822, the most since when the number hit 10,847 in the third quarter of 2011, the TWSE said.

According to the TWSE, retail investors accounted for 62.07 percent of the market's turnover in the third quarter, with foreign institutional investors making up 23.96 percent and local institutional investors representing the remaining 13.97 percent.

The market's average daily turnover was NT$111.53 billion in the third quarter, up 21.03 percent from the NT$92.15 billion averaged in the second quarter.

In terms of turnover posted by different investor segments in the third quarter, it was up 14.24 percent for foreign institutional investors, up 10.79 percent for local institutional investors and up 45.08 percent for retail investors, the data showed.

(By Tien Yu-pin and Frances Huang)