COMMON PRACTICE:The bourse is to allow listed firms to suspend trading prior to announcements that could affect their earnings in a bid to be more transparent
Date: Jan 06, 2016
By: Crystal Hsu / Staff reporter
The local bourse aims to boost daily turnover by between 5 percent and 10 percent to more than NT$100 billion (US$3 billion) this year on the back of economic improvements, despite light volume so far, Taiwan Stock Exchange Corp chairman Lee Sush-der (李述德) said yesterday.
Lee made the remarks at a public function where he attributed the TAIEX’s poor performance to weak sentiment amid a global selloff following China’s first-ever use of circuit breakers on its main exchanges.
Reasonable daily turnover should total between NT$130 billion and NT$150 billion, with the nation’s 1,800 listed firms having a collective capitalization of NT$7 trillion, the securities official said. [FULL STORY]