IMPROVING OUTLOOK:Profits made by companies listed on the main board and the over-the-counter market in the first quarter rose more than 27 percent from last year
Date: Jun 19, 2017
By: Staff writer, with CNA
Investor confidence in the stock market in the second quarter reached the highest it has been in two years after the TAIEX breached the 10,000-point mark, according to a survey released by JPMorgan Asset Management Co on Wednesday.
The survey’s equity investment index for the April-to-June period was 88.6, the highest since it posted 106.4 in the second quarter of 2015, JPMorgan said.
The second-quarter figure was also up from the first quarter’s 80.7.
The TAIEX closed above the 10,000-point level on May 11 for the first time in 17 years before retreating.
It surpassed the level again on May 23 and has stayed there since, reinforcing investors’ confidence in the market, the company said. [FULL STORY]