14 Straight Days of Net Buying as Fund Momentum Stays Strong
Buying by active ETFs continued to heat up, posting net buying for the 14th straight trading day on November 2. According to Bobo Flow statistics, consensus additions of over NT$100 million per stock totaled NT$10.4 billion, while reductions totaled about NT$1.3 billion, for combined net buying of NT$9.1 billion. Net buying over the past five trading days was NT$14.1 billion, NT$6.9 billion, NT$6.2 billion, NT$10.7 billion and NT$9.1 billion in order. Of the 34 funds that day, 20 disclosed holding changes, of which 8 had no changes at all. CTBC 00406A alone posted net buying of NT$4.93 billion, with all 16 changes being additions, accounting for more than half of total net buying, while Uni-President 00981A ranked second with net buying of NT$2.86 billion.
ASE Technology and MediaTek on the Buying List for 8 Straight Days
Among individual stocks, ASE Technology Holding was added by 7 active ETFs on the day with NT$1.83 billion in buying, the largest consensus addition of the day. Of that, 00981A added 1,854 lots of about NT$1.24 billion, raising its holding to 15,442 lots, while 00403A added 300 lots, 00406A added 200 lots and 00984A added 177 lots. MediaTek was bought by 8 ETFs, the most participants of the day, totaling NT$1.56 billion in additions, including NT$650 million from 00406A and NT$440 million from 00981A. Both electronics stocks have now appeared on the net-buying list for 8 straight trading days. TSMC drew NT$1.79 billion in buying on the day, with 00981A adding 477 lots of about NT$1.11 billion and 00406A adding 290 lots of about NT$680 million, while 00984A cut 71 lots in the opposite direction.
Financial Stocks See Divergent Moves
Financial stocks saw two-sided moves. CTBC Taiwan Income 00406A newly established positions in Fubon Financial for NT$510 million, Cathay Financial for NT$470 million, Taishin Shin Kong Financial for NT$370 million, E.SUN Financial for NT$290 million and SinoPac Financial for NT$290 million, totaling about NT$1.93 billion across the 5 stocks. Allianz Taiwan High Dividend 00984A on the same day cut Fubon Financial, Mega Financial, SinoPac Financial, KGI Financial, E.SUN Financial, Yuanta Financial, Taishin Shin Kong Financial and Cathay Financial, totaling about NT$740 million, while adding Chang Hwa Bank and Shanghai Commercial & Savings Bank and newly establishing a position in CTBC Financial. For the full day, 00984A had 88 holding changes, with NT$2.60 billion in additions and NT$2.75 billion in reductions, a major portfolio reshuffle.
Rotation Focuses on Accton and Evergreen
In other rotation moves, Uni-President Upgrade 50 00403A cut Accton by 134 lots of about NT$210 million, the largest consensus reduction of the day, with all of the outflow coming from 00403A, while adding ASE Technology Holding, MediaTek, Jentech and Gold Circuit Electronics. Cathay Momentum High Dividend 00400A added 1,065 lots of Evergreen for about NT$290 million, increasing its holding by about 57%. Capital Taiwan Strong Stocks 00982A continued to cut Wiwynn by 80 lots of about NT$140 million, lowering its holding to about 506 lots. Fuh Hwa Future 50 00991A posted net buying of NT$500 million and KGI Taiwan 00407A posted net buying of NT$240 million, both via small additions.