Young investors aged 20 to 30 made up 33 percent of the 1.48 million new investors who opened local stock trading accounts last year, ranking first among all age groups, the Financial Supervisory Commission said yesterday.
They were followed by those aged 31 to 40, who accounted for 26.6 percent, 41 to 50 (16.7 percent), 51 to 60 (10.8 percent), 61 or older (6.7 percent) and those younger than 20 (6.1 percent), the commission said.
The number of investors who opened new trading accounts last year surged 73.6 percent from 857,657 in 2019, easily outpacing an annual gain of 28 percent the previous year, the commission said.
Photo: Ann Wang, Reuters
Investors aged 20 to 30 had for the past three years led the surge, with their weighting rising from 27.7 percent in 2018 and 29.1 percent in 2019, data from the commission showed.
“Their weighting was particularly high last year,” Securities and Futures Bureau Deputy Director-General Tsai Li-ling (蔡麗玲) told a news conference in New Taipei City.
Young investors’ rising interest in local stocks could be attributed to an increase in investors’ preference for equities over savings due to a low interest rate environment and the launch of an odd-lot trading system in late October, which enabled young players with smaller budgets to buy blue-chip stocks, the commission said.
Blue-chip stocks refer to financially sound, well-recognized companies, some of whose shares cost hundreds of thousands New Taiwan dollars if bought on the regular trading platform, where they are sold in units of 1,000 shares each.
For example, purchasing one unit of Taiwan Semiconductor Manufacturing Co (台積電) shares would cost NT$632,000, based on its closing price of NT$950 on Friday last week.
Overall, investors aged 40 or younger accounted for 65.7 percent of the new accounts, up from 60.9 percent a year earlier and 60 percent in 2018, the data showed.
By comparison, the weighting of investors older than 40 dropped to 34.3 percent last year, from 40 percent in 2018 and 39.1 percent in 2019, as the older group likely already had a few accounts in use, it said.
Cairo’s new monorail slices across the city skyline, running above the familiar chaos of blaring horns and aging buses’ exhaust fumes that mark rush hour below. The US$4.5 billion monorail, opened this month, is among Egypt’s most prominent new transport projects, part of a debt-funded infrastructure drive criticized for sapping state finances while bringing limited benefits to most of the country’s 109 million people. “It feels like you’re in a different country,” said Ramy Sayed, a restaurant manager, aboard a driverless Innovia 300 train. “No noise, no traffic, we’re not used to this.” The eastern line runs 56km from the bustling middle-class
Starlux Airlines Co (星宇航空) today unveiled a long-haul network expansion plan at a shareholders’ meeting in Taipei, including direct flights to Barcelona, Spain, and Zurich, Switzerland, as well as a service connecting Taipei, Sydney and New Zealand. Starlux is to become the first Taiwanese carrier to offer non-stop services to the two European cities, while the inaugural oceanic route is expected to expand transit opportunities within the Australia-New Zealand market, Starlux said. Flight services to Chicago, Dallas, Washington and New York are under evaluation, the airline added. Prior to the shareholders’ meeting, the airline earlier this year announced that it would be
Netherlands-based semiconductor equipment supplier ASML Holding NV yesterday said that it is planning to hire an additional 1,000 people in Taiwan this year in response to growing demand from clients. ASML had previously planned to recruit 600 people this year, but that the plan has been adjusted upward, ASML vice president and ASML Taiwan general manager Grace Wang (汪佳慧) told reporters. ASML has a workforce of more than 4,500 in Taiwan, accounting for about 10 percent of its global total, Wang said. This year’s recruitment campaign would focus on adding people in the customer support, manufacturing and supply chain domains to assist ASML
Nvidia Corp yesterday announced that CEO Jensen Huang (黃仁勳) would attend an employee meeting in Taipei tomorrow to celebrate the launch of the company’s Taiwan headquarters project. Huang would attend a gathering at the site of Nvidia’s planned headquarters in Beitou Shilin Technology Park (北投士林科技園區), the company said in a statement. After arriving in Taiwan on Saturday last week, Huang told reporters that he plans to meet with Quanta Computer Inc (廣達) chairman Barry Lam (林百里) and Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) chairman C.C. Wei (魏哲家), and would attend the groundbreaking ceremony for Nvidia’s Taiwan headquarters tomorrow. Nvidia has not yet applied
RSS