In August, the increase in account openings primarily came from individual investors, with organizations only contributing an additional 131 accounts. Specifically, individual investors opened 330,819 new accounts, accounting for 99.96% of all new accounts opened during the month.
As of the end of August, the total number of domestic securities accounts had increased by over 1.41 million to nearly 8.66 million, thus approaching the target of 9 million accounts by 2025 and 11 million by 2030, as outlined in the Government-approved Securities Market Development Strategy for the period up to 2030, formulated in late 2023.
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New Account Openings in August 2024
Source: VSD
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Why is the Stock Market Stuck on the 1,200-Point Narrative?
The stock market is often regarded as a “barometer” of the economy. However, the fact that the economy is continuously growing while the stock market remains stagnant around the 1,200-point mark indicates that there is something amiss with the structure of the stock market itself.
Psychological Swings in Stock Trading and The Costly Lessons Learned
Individual investors constitute a large proportion of the stock market in both number and trading value. It can be said that their psychology significantly affects the ups and downs of stock indices and the effectiveness of their own investments. In order to “survive” in the market for a long time, individual investors must also develop a strong mindset.
