Taiwan stock indexes



The Taiwan Stock Exchange (TWSE) was founded in 1961. As of December 31, 2011 the Taiwan stock market had listings of 790 companies with a combined market capitalization of TWD 19,216,183 million.

Taiwan's GreTai Securities Market (GTSM; 證券櫃檯買賣中心) was established on November 1 1994. The GreTai provides over-the-counter trading mechanisms for listed stocks and the GTSM emerging stock market, as well as for government and corporate bonds, and derivatives. As of year end 2012, the GreTai listed 638 stocks with a market capitalization of 17,379,810 NT$1million.

The Taiwan stock exchange provides an index, the TAIEX (Taiwan Stock Exchange Capitalization Weighted Stock Index) in both price and total return versions, which measures performance of the stocks listed on the TWSE. In addition the TWSE collaborates with FTSE to provide two broad market investable free-float market capitalization indexes, the FTSE-TWSE Taiwan 50 index and the the FTSE-TWSE Taiwan Mid Cap 100 index.

The GreTai exchange provides the GTSM (GreTai Stock Market) Index as a benchmark for GreTai listed stocks. In 2010 the exchange created an investable free-float market capitalization index, the GreTai 50 Index.

MSCI provides the MSCI Taiwan Index, which includes stocks from both the TWSE and the GreTai exchanges. The index is an investable free-float market capitalization index.

TAIEX index
The TAIEX (Taiwan Stock Exchange Capitalization Weighted Stock Index) covers all of the listed stocks on the Taiwan exchange excluding preferred stocks, full-delivery stocks and any newly listed stocks which are listed for less than one calendar month. The Total Return Index (starting date January 2, 2003) adds back cash dividends to index calculations. This index is especially relevant to investors since it tracks the value of invested stock portfolios (which include both capital changes and dividend reinvestment).

The Taiwan Stock Exchange provides TAIEX price index data going back to 1967.

The National Statistics Government of China (Taiwan) provides consumer price inflation dating back to 1960.

FTSE-TWSE Taiwan 50 index
The FTSE-TWSE Taiwan 50 index is a free-float market value weighted index that is comprised of the 50 most highly capitalized Taiwan stocks. The index represents nearly 70% of the Taiwanese market capitalization. The index was launched October 29, 2002.

FTSE-TWSE Taiwan Mid Cap 100 index
The FTSE TWSE Taiwan Mid-Cap 100 Index is a free-float market value weighted index that consists of the next 100 companies ranked by full market value, outside the FTSE TWSE Taiwan 50 Index. These stocks make up nearly 20% of the Taiwan stock market capitalization. The index was launched on November 29, 2004.

GreTai Stock Market Index
The GTSM Index was first published in November 1995 with 100 points as the base. The GTSM specializes in emerging and high-tech industries as well as providing listings for small and medium-sized enterprises.

GreTai 50 Index
The GreTai 50 Index was launched on April 10, 2010. The GreTai 50 is a free-float, market capitalization index that provides access to 43% of the GTSM market capitalization.

MSCI Taiwan Index
The MSCI Taiwan Index is a free-float adjusted market capitalization weighted index designed to track the equity market performance of Taiwanese securities listed on Taiwan Stock Exchange and GreTai Securities Market, with market capitalization coverage of 85%. The index has a base date of December 31, 1987.