Page 17 - 臺灣證券交易所2024年報

In 2024, Taiwan’s stock market performed well, with the Taiwan Stock Exchange Capitalization Weighted Stock Index (TAIEX) closing at a record-high of 23,035.10 points at the end of the year. It showed an annual increase of 28.47%, impressively outpacing major global stock markets and second only to Nasdaq. The total trading value reached nearly NT$100 trillion and average daily trading value reached NT$412.445 billion, both setting records and an increase of 48.52% and 46.67% from the previous year (2023), respectively. With rising market valuation due to growing scale, revenue, and profits of listed companies, the total market value of TWSE-listed stocks reached NT$73.9 trillion, a growth of 174.8% over the past decade. Foreign shareholding increased to 45.41%, clearly indicating that foreign investors find Taiwan stocks particularly attractive. The market remains highly active, with a stock turnover rate of 135.39%. There were 242 business days in total in 2024, with mostly positive growth in trading among various types of securities. The stock trading value was NT$92.29 trillion, an increase of 46.1% from 2023. The trading value of Exchange Traded Funds (ETFs) was NT$6.72 trillion, an increase of 94.67% from the previous year; Exchange Traded Notes (ETNs) were down 21.45% to NT$3.249 billion; beneficiary securities (Real Estate Investment Trusts, or REITs) decreased 85.43% to NT$5.329 billion; call (put) warrants were up 34.1% to NT$712.941 billion; and Taiwan Depository Receipts (TDRs) increased 731.22% from the previous year to NT$76.896 billion. Looking ahead to 2025, international geopolitical risks remain unabated, and the policy direction of the new US administration is still uncertain, which may sway future international trade protection policies, inflation rates, and the interest rate policies of central banks of various countries. In line with the policy of the Financial Supervisory Commission (FSC) to promote Taiwan into the premier Asian Asset Management Center and advance the diversity and prosperity of the capital market, the TWSE will collaborate with its stakeholders to pursue four major goals aimed at building a world-class capital market and supporting industrial transformation: Establishing the Preferred Fundraising Platform for Enterprises; Leading the Path to Net-Zero Sustainability; Driving Product Internationalization; and Technology-Driven Innovation for Inclusive Finance. 2024 營業報告書 15