Foreign investors rack up buying surplus of NTD 152 billion on Taiex

October 20, 2004

On the Taiwan Stock Exchange, the "Morgan Effect" is continuing to encourage investment and foreign investors are apparently unphased by record-high global oil prices. The Taiex reports that foreign institutional investors posted a buying surplus of NTD 42.42 billion in the first week of October, with total stock purchases of NTD 91.63 billion and total sales of NTD 49.21 billion. As of October 8, foreign investors have racked up a buying surplus of NTD 152.19 billion this year.

The "Morgan Effect" is the term used locally for the effect of Morgan Stanley Capital International advice on the movement of the Taiex index.

Taiex statistics show that foreign investors hold a total of NTD 2.94 trillion in Taiex stocks as of October 8. This volume marks an increase of NTD 94.3 billion over October 1 and accounts for 21.77% of the market's total value.

(Central News Agency)

E-mail this page.