Stock Market

The GTSM index fluctuated considerably in the month of February after a precipitous fall in the last ten days of January. In the beginning of the month as investors chose to stay on the sideline, the index continued the decline and dipped below 130 on the 2nd to close at 128.57. From the 3rd on spurred by the sharp rise of the U.S. stocks, the electronic stocks stabilized and made gains two days in a row. However from the 5th on dragged down by the debt crisis in Greece, Spain and Portugal that led to the tumbling of international stock markets, the GTSM index again hit bottom to close at 122.79 on the 6th, a three-month new low. Led by small and medium-sized electronic stocks, the index started a rebound from the 8th on and closed on a satisfactory note of 129.26 on the 10th, the last day of trading before the Chinese New Year holiday, up 2.31 in one day. As compared to 60.49 on the last day of trading before last year’s Chinese New Year (the year of rat), the index rose 113.69% in the year of cow. The market opened higher on the 22nd, the first day of trading after the long holiday, but the volume shrank. The index closed at 129.05 at the end of the month, off 2.44% from the end of January.

In the Emerging Stock Market, the average daily turnover amounted to NT$455 million and a total of 44,835 transactions executed in the month of February. At the beginning of month, there were 231 stocks registered as emerging stocks, which was increased to 235 by the end of month as 4 new stocks registered. The market recorded the highest turnover of the month on the 5th with more than NT$621 million.