The total number of investors trading on the Taiwan bourse using the Internet increased in September to 388,000, a 22.39 percent increase over the 317,000 Internet traders in August, according to the Taiwan Stock Exchange.
The increase of 71,000 net-trading investors was the largest single month rise since January.
Internet stock-trading in Taiwan has been booming since dozens of brokerages began offering a free computer and numerous other gifts from the beginning of September to entice new customers to open Internet trading accounts.
According to analysts, with an increasing number of brokerages expected to enter the net-trading market in the near future, the pace of the growth in net-trading is expected to continue to increase.
The total trading volume of stocks traded via the Internet fell in September to NT$99.4 billion, down 14.89 percent from the NT$116.8 billion figure for August.
The decrease was attributed to the 921 quake, which forced the closure of the stock market for four days immediately after the quake.
However, the drop was smaller than the 23 percent fall in the total market trading volume in September to NT$4,255 billion, from NT$5,527 billion in August.
The market share of stock trading via the Internet also increased to 2.33 percent of total market volume in September, up from 2.11 percent in August.
Since May this year, Polaris Securities (寶來證券) has been the No. 1 brokerage in the Internet trading market in terms of trading volume.
Its Internet trading volume in September came to NT$25.8 billion, accounting for a 25.9 percent share of the net-trading market. Its total net-trading volume over the last nine months amounted NT$185 billion.
Kongcheng Securities (公誠證券) was the No. 2 brokerage in September for the second consecutive month, with an Internet trading volume of NT$10.8 billion and a market share of 10.8 percent. Kongcheng was the first brokerage to offer an Internet trading service.
Capital (群益) had the third largest Internet trading volume, followed by MasterLink (元富) and Tah Hsin (大信), with market shares of 8.7 percent and 6.3 percent respectively.
The other top ten brokerages all had market shares of less than 5 percent.
Meanwhile, the total market share of the top 15 brokerages in the Internet trading market came to 89 percent in September. Thirty-four other brokerages shared the remaining 11 percent.
The net-trading volume of President Securities (
While the figure represented a 150 percent increase over the NT$280 million in net-trading volume for August, its market share stood at only 0.71 percent, and it failed to rank in top 15.
However, so far this month, its net-trading volume has already amounted to NT$1.01 billion. According to a company executive, its monthly net-trading volume will be several times higher than last month.
"Internet trading will be the only market in which local brokerages can compete in the near future," said K. P. Liu (劉凱平), president of SinoPro Securities Investment Consulting. "Since the net-trading market is going to take away 20 to 30 percent of the market share of the traditional trading market in the next few years."
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