Taiwan stocks showed strong bullish momentum on the 28th, with the index closing up 939.35 points at 47,035.58 points, successfully reclaiming the 47,000-point mark, with trading value of NT$722.135 billion. According to data released by the TWSE, the three major institutional investors all stood on the buy side, with combined net buying of NT$29.894 billion. Among them, foreign investors, previously net sellers, turned net buyers of NT$15.922 billion, investment trusts continued to add positions with single-day net buying of NT$11.807 billion, marking 12 consecutive trading days of net buying, while proprietary dealers turned from sell to buy with combined net buying of NT$2.165 billion, ending a run of 12 straight sells.
Foreign Investors Cover Over 70,000 Lots of 00406A Back Above NT$9
The top three foreign-investor net buys were Active CTBC Taiwan Income (00406A), AUO (2409) and Active Uni-President Upgrade 50 (00403A), with 00406A taking in over 70,000 lots, the most. After slashing 68,227 lots of 00406A in the previous trading day, foreign investors bought back 71,941 lots on the day, ranking first in foreign-investor net buying. The ETF had fallen below NT$9 in the previous trading day to close at NT$8.83, and quickly returned above NT$9 on the 28th, closing at NT$9.18, up 3.96%. Active Uni-President Upgrade 50 (00403A) gained net buying of 37,395 lots, ranking third.
AUO Ends Two-Day Slide, Surges 6.28%
On the individual-stock front, AUO (2409), which had been heavily sold by foreign investors for 95,959 lots in the previous trading day, saw heavy buying of 68,585 lots on the 28th, ranking second in net buying. Its share price ended two straight declines, closing at NT$35.55, up 6.28%. Other top-ten foreign-investor net buys also included Winbond (2344) with 25,347 lots, Innolux (3481) with 21,908 lots, Powerchip (6770) with 17,433 lots, CTBC Taiwan-Japan-Korea PCB (009828) with 15,623 lots, UMC (2303) with 12,886 lots, Compal (2324) with 12,494 lots and Hon Hai (2317) with 11,299 lots.
Foreign Selling Focuses on Macronix and Other Traditional and Financial Stocks
For the top-ten foreign-investor net sells, Macronix (2337) led with 29,994 lots, followed by Taiwan Glass (1802) with 11,030 lots, Pou Chen (9904) with 10,993 lots, China Airlines (2610) with 9,482 lots and E.SUN Financial (2884) with 8,506 lots. In addition, Acer (2353) with 7,526 lots, Yuanta Taiwan 50 (0050) with 7,076 lots, Fuh Hwa FTSE Real Estate (00712) with 6,686 lots, Taiwan High Speed Rail (2633) with 6,597 lots and Highwealth (2542) with 5,785 lots also ranked in the top-ten net sells. Overall, foreign-investor sentiment shifted from heavy adjustment to active covering, and investors should still carefully assess risks and be responsible for their own investment results.