By: Tsai Yi-chu and Frances Huang
Taipei, March 9 (CNA) Major local equity market players have been returning to the trading floor at a time when the average turnover in the local bourse has hit a recent high, according to the Financial Supervisory Commission (FSC), Taiwan’s top financial regulator.
In a hearing held by the financial committee of the Legislative Yuan Wednesday, Lee Ruey-tsang (李瑞倉) cited FSC data as saying that that the number of major local equity market players who traded no less than NT$500 million (US$16.13 million) on the local main board in a single quarter stood at 436 in February, up from 389 recorded in November 2016.
Lee said that the number of investors who traded no less than NT$100 million on the main board in a quarter rose to 4,217 from 4,002 on the main board during the same period.
In the local over-the-counter market, the number of investors whose quarterly trading hit NT$100 million or higher also rose to 6,446 in February from 5,876 in November, Lee said. [FULL STORY]