Boosted by higher U.S. stocks, Taiwan stocks open high and move higher to retake 47000 points
Buying on artificial intelligence themes continued to return, and falling international oil prices lifted market sentiment, with U.S. stocks closing broadly higher on Tuesday, including a rise of over 3% in the Philadelphia Semiconductor Index, while TAIFEX night futures surged 774 points, inspiring a strong rebound in Taipei stocks on the 28th. The weighted index opened up 306.56 points at 46402.79 points, then continued higher led by heavyweight stocks, hitting an intraday high of 47060.46 points to retake the 47000-point mark, and closed up 939.35 points, or 2.04%, at 47035.58 points, with turnover reaching 7221.35億元.
Three major institutional investors buy in unison with combined net buying of 298.94億元
As Taiwan stocks rebounded strongly, the three major institutional investors bought in unison. Foreign investors ended 2 straight selling sessions, turning from selling to buying 159.22億元; investment trusts extended their net buying streak, standing on the buy side for 12 straight trading sessions and adding another 118.07億元 today; proprietary dealers posted net buying for 2 straight trading sessions, with net buying of 24.48億元 today; proprietary hedging desks continued to adjust, posting net selling for 14 straight trading sessions with net selling of 2.83億元 today, for combined net buying of 298.94億元 by the three major institutional investors. Looking further at investment trust stock moves, the net buying list includes ASE Technology Holding, Walsin Technology, Yuanta Financial and Gold Circuit Electronics; the top five net sold were Mega Financial, Formosa Petrochemical, Chang Hwa Bank, UMC and BizLink-KY.
Heavyweights lead advance with TSMC contributing about 199 points to the broader market
Heavyweight stocks rose across the board, with TSMC opening up 20元 at 2420元, touching an intraday high of 2430元, and closing up 25元, or 1.04%, at 2425元, contributing about 199 points to the broader market alone. MediaTek opened up 80元 at 4040元, surged to an intraday high of 4245元, and closed up sharply by 275元, or 6.94%, at 4235元; Delta Electronics opened up 55元 at 1565元, and closed up 40元, or 2.65%, at 1550元, with the three heavyweights rising together to drive the market rebound.
Small- and mid-caps strengthen as OTC jumps 4.02% to close at 394.45 points
Small- and mid-cap stocks also attracted funds, with the OTC index opening up 3.26 points at 382.46 points, extending gains during the session to a high of 394.45 points, and closing up 15.25 points, or 4.02%, at 394.45 points, with turnover of 1653.57億元. The top five by trading volume were AUO, Powerchip Semiconductor, Taiwan Glass, Nan Ya Plastics and UMC; the top five by trading value were TSMC, MediaTek, Nan Ya Plastics, Unimicron and Nanya Technology, showing funds concentrated in large electronics heavyweights and some hot stocks.