The China Post
Date: July 3, 2016
By: CNA

TAIPEI — The average daily turnover of the local equity market for the first five months of this year fell more than 14 percent from a year earlier with many local major market players retreating from the trading floor, according to the government’s statistics.

Citing the data, the Directorate General of Budget, Accounting and Statistics (DGBAS) said that the combined average daily turnover of the local main board and the over-the-counter (OTC) market for the five-month period fell 14.2 percent from a year earlier to NT$96 billion (US$2.98 billion).

The statistics came in line with the data released recently by the Financial Supervisory Commission (FSC) which said that only 530 major players participated in the local market in the first quarter of this year, down from 547 during the same period last year and the fewest in seven years, the FSC data showed.

A “major player” is defined in Taiwan as an investor who trades at least NT$500 million in shares in a single quarter, and their numbers serve as an important indicator of investor confidence in the country’s capital market.     [FULL  STORY]