Focus TGaiwan
Date: 2020/01/01
By: Pan Chih-yi and Frances Huang
Taipei, Jan. 1 (CNA) Equity investors on the local main board posted more than NT$670,000 (US$22,259) each in gains on average in 2019, when the benchmark weighted index on the Taiwan Stock Exchange (TWSE), or Taiex, rose by more than 23 percent over the course of the year, according to data released by the TWSE.
The Taiex rose 2,269.73 points, or 23.33 percent, in 2019 to close at 11,977.14 Friday, the last trading session of the year.
Due to the strong upturn in the index, market capitalization on the main board rose by about NT$7.095 trillion from a year earlier to NT$36.41 trillion at the end of 2019.
Based on the roughly 10.53 million investors registered on the exchange as of the end of November, the increase in market cap in the year showed that each investor posted an average NT$673,400 in gains in the year, according to the data. [FULL STORY]