TWSE sees 41% more ‘big account’ investors in Q3By Kao Shih-ching / Staff reporterThe number of “big accounts,” who invest and trade local stocks heavily, last quarter increased 41 percent to 2,369 from a quarter earlier, encouraged by the bull market, Taiwan Stock Exchange (TWSE) data showed yesterday. The number of “big accounts,” which set an all-time high, is seen as an important indicator of investor confidence in the local markets. A “big account” is defined as an individual investor who trades at least NT$500 million (US$17.25 million) of shares on the exchange in a single quarter. The index then dropped to 12,515 points at the end of last month, dashing investors’ hopes that it would surpass 13,000 points. The increase in “big accounts” could be attributed to more mid-sized investors focusing on day trading to take advantage of market volatility, TWSE trading division director Ben Chen (陳正斌) told the Taipei Times by telephone.

Source: Taipei Times October 16, 2020 15:56 UTC