BIG SPENDERS: The number of large traders fell to 1,137 in the fourth quarter of last year, compared with 1,507 in the third and a record level of 1,579 in the second
Date: Jan 12, 2019
By: Kao Shih-ching / Staff reporter
Large traders held back from local equities last year due to volatility on global stock markets, although listed firms on the main bourse saw their combined revenue rise 7.33 percent for the whole of last year and the average daily turnover expanded 24.16 percent to NT$130.21 billion (US$4.23 million), according to data released by the Financial Supervisory Commission and the Taiwan Stock Exchange.
Large traders are defined as those who trade shares at or higher than NT$500 million in a quarter, Securities and Futures Bureau Deputy Director-General Tsai Li-ling (蔡麗玲) told a news conference on Thursday.
The number of large traders fell to 1,137 in the fourth quarter of last year, compared with 1,507 in the third quarter and a record level of 1,579 in the second quarter, the data showed.
A quarterly drop of 370 large traders marked not only the highest quarterly fall since the 552 recorded in the second quarter of 2012, but also reflected the impact of negative factors such as a more than 10 percent decline in the TAIEX in October, volatile US equity markets and concerns over the US Federal Reserve’s interest rate hikes, Tsai told the Taipei Times by telephone yesterday. [FULL STORY]