Taiwan's securities industry experienced significant fluctuations in June but demonstrated strong growth for the first half of the year overall. This reflects the market's activity and the strong performance dynamics of the securities industry.
Taiwan's securities industry experienced significant volatility in June! The Taiwan Stock Exchange announced today (22nd) that the total after-tax net profit of all securities firms in June was 265.72 billion yuan, a decrease of 18.43% from the previous month. However, the cumulative after-tax net profit for the first half of the year was still as high as 1440.9 billion yuan, an increase of 1101.52 billion yuan compared to the same period last year, representing a growth of 324.57%. This indicates that the performance dynamics of the securities industry in the first half of this year are extremely strong.
Driven by the rise in electronic weighted stocks, the Taiwan Weighted Index once surged to a historical high of 48218.87 points during intraday trading on June 23, but subsequently pulled back due to factors such as high-level profit-taking, foreign capital adjustment, and chip adjustments. However, the overall market performance for the month remained strong, with the monthly line reversing and surging by 1392 points to close in the red. The final close on June 30 was at 46125 points.
Further observation of the three core businesses of securities firms in June shows that in terms of brokerage business, the total turnover of the market expanded to approximately 29.061 trillion yuan, a growth of 10.35% compared to May. Due to the market's active trading, securities firms' brokerage commission income reached 250.12 billion yuan, an increase of 5.32% from the previous month.
In terms of proprietary trading, due to the market pulling back after hitting a historical high, there were more losses in securities valuation in June, leading to a reduction in proprietary trading net profit to 52.08 billion yuan, a decrease of 71.89 billion yuan from the previous month, a decline of 57.99%. In terms of underwriting business, the net profit from underwriting in June was 7.27 billion yuan, a decrease of 24.32 billion yuan from the previous month, a decline of 76.99%.
Although June saw a slight decline in profits, the overall performance of the securities industry for the first six months of the year was still excellent. Brokerage commission income benefited from the significant growth in total turnover in the first half of the year, with cumulative brokerage income reaching 1072.41 billion yuan, an increase of 155.55% compared to the same period last year.
Proprietary trading net profit benefited from the substantial profits from selling securities in the first half of the year, with cumulative proprietary net profit reaching 556.49 billion yuan, an increase of 517.9 billion yuan compared to the same period last year, representing a growth of 1342.06%. Cumulative underwriting net profit was 133.85 billion yuan, also growing by 101.99 billion yuan compared to the same period last year, representing a growth of 320.12%.
FACT BOX
- Source: PR Times
- Category: 其他
FAQ
Why did the Taiwan stock market experience significant volatility in June?
The Taiwan stock market experienced significant volatility in June due to the Taiwan Stock Exchange announcing that the total after-tax net profit of all securities firms in June was 265.72 billion yuan, a decrease of 18.43% from the previous month. However, the cumulative after-tax net profit for the first half of the year was still as high as 1440.9 billion yuan, an increase of 1101.52 billion yuan compared to the same period last year, representing a growth of 324.57%.
How did the three core businesses of securities firms perform in June?
In terms of brokerage business in June, the total turnover of the market expanded to approximately 29.061 trillion yuan, a growth of 10.35% compared to May. Due to the market's active trading, securities firms' brokerage commission income reached 250.12 billion yuan, an increase of 5.32% from the previous month. In terms of proprietary trading, due to the market pulling back after hitting a historical high, there were more losses in securities valuation in June, leading to a reduction in proprietary trading net profit to 52.08 billion yuan, a decrease of 71.89 billion yuan from the previous month, a decline of 57.99%. In terms of underwriting business, the net profit from underwriting in June was 7.27 billion yuan, a decrease of 24.32 billion yuan from the previous month, a decline of 76.99%.
How did securities firms perform overall in the first half of the year?
The overall performance of securities firms in the first half of the year was excellent. Brokerage commission income benefited from the significant growth in total turnover in the first half of the year, with cumulative brokerage income reaching 1072.41 billion yuan, an increase of 155.55% compared to the same period last year. Proprietary trading net profit benefited from the substantial profits from selling securities in the first half of the year, with cumulative proprietary net profit reaching 556.49 billion yuan, an increase of 517.9 billion yuan compared to the same period last year, representing a growth of 1342.06%. Cumulative underwriting net profit was 133.85 billion yuan, also growing by 101.99 billion yuan compared to the same period last year, representing a growth of 320.12%.
How was the market performance in June for the Taiwan stock market?
Driven by the rise in electronic weighted stocks, the Taiwan Weighted Index once surged to a historical high of 48218.87 points during intraday trading on June 23, but subsequently pulled back due to factors such as high-level profit-taking, foreign capital adjustment, and chip adjustments. However, the overall market performance for the month remained strong, with the monthly line reversing and surging by 1392 points to close in the red. The final close on June 30 was at 46125 points.
What was the impact of the June market performance on securities firms?
Although June saw a slight decline in profits, the overall performance of the securities industry for the first six months of the year was still excellent. Brokerage commission income benefited from the significant growth in total turnover in the first half of the year, with cumulative brokerage income reaching 1072.41 billion yuan, an increase of 155.55% compared to the same period last year.
