Market cap of Taiwan’s main board hits new high

Want China Times
Date: 2015-04-26

The market capitalization of the Taiwan Stock Exchange (TWSE) hit a new high

A stock trading center in Taipei, April 24. (Photo/Chen Hsin-han)

A stock trading center in Taipei, April 24. (Photo/Chen Hsin-han)

as of Friday after foreign institutional investors aggressively bought into local shares for the whole week, according to the exchange.

The TWSE said that the market cap of the local main board on Friday rose NT$337.2 billion (US$10.9 billion) or 1.19%, from a session earlier to a record high of NT$28.74 trillion (US$935 million).

The increase in the market cap came after the weighted index on the TWSE jumped 115.79 points, or 1.18%, at 9,900 on Friday. Foreign institutional investors, who rushed to pick up electronics heavyweights, had bought a net NT$46.48 billion (US$1.5 billion) worth of local shares in the session. The net buy was the third-highest level in history.

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