Heavyweights Stall as Market Loses 47000 Points
Taiwan stocks opened on the 29th with heavyweight stocks falling together, as the加權指數 opened down 20.17 points, then moved lower, falling below 47000 points shortly after the open and losing the 10-day moving average, continuing to probe lower, and falling more than 488.8 points by 34 minutes past the hour. U.S. stocks responded with all four major indexes closing higher on the 28th after the Federal Reserve decided to keep interest rates unchanged, while Taiwan stocks did not follow the move and appeared relatively weak with all four major heavyweight stocks opening lower together. At 23 minutes after the open, the top three gaining sectors were finance, biotechnology, and automobiles, emerging as relatively resilient groups. The OTC market index opened up 1.79 points, but the gain lasted only 11 minutes before falling below the flat line and deepening, dropping more than 5.1 points by 36 minutes past the hour, showing small and mid-cap stocks were also dragged down by the broader market.
Nanya Technology Briefly Hits 497.5 Yuan With Standout Volume and Price
The memory group opened mostly higher led by Nanya Technology, but as the broader market declined and with no mainstream heavyweight stocks stepping up to lead, individual stocks in the group fell below the flat line one after another along with the market. Among them, Nanya Technology (2408) opened higher and stayed in positive territory, quickly rising to a high of 497.5 yuan at the open, up 20.5 yuan, touching that high 5 minutes after the open, then pulling back to consolidate in a narrow range near the flat line amid the market decline, with its resilient performance making it a relatively standout stock in terms of volume and price. Nanya Technology shares then oscillated lower with the market, and succumbed to selling pressure at 45 minutes past the hour to fall below the flat line, then consolidated in a narrow range near the flat line, with trading volume exceeding 33,300 lots by 46 minutes past the hour, the most prominent volume-and-price performance among group stocks, showing market funds remain highly focused on the stock.
Memory Shortage Seen Lifting Q4 Prices by 30%
The Weekly Investment Research Department noted that Tesla CEO Musk pointed directly to rapid development of humanoid robots, but facing a memory shortage problem that urgently needs to be solved. Memory supply and demand likewise face a shortage after AI server volumes ramped up, thereby pushing Q4 memory prices up another 30%, and directly driving domestic and foreign institutional investors to favor revenue and profit growth momentum for memory group stocks in Q4. On fundamentals, Nanya Technology reported self-estimated September consolidated revenue of 450.9 billion yuan, up 0.89% month-on-month and up 577% year-on-year, a record high and the 12th consecutive month of dual growth, with cumulative revenue for the first 3 quarters of 2653 billion yuan, up 627% year-on-year, also a record high and a third consecutive year of growth. On the筹码 side, as of the close on the 28th, the market's three major institutional investors and major players simultaneously added to Powerchip on the day, including foreign investors buying a net 5429 lots, investment trusts buying a net 448 lots, major players buying a net 6928 lots, and dealers buying a net 652 lots. The Weekly Investment Research Department said that based on Nanya Technology's intraday share price of 480 yuan on the 29th, the share price remains below the monthly and quarterly moving averages, currently also within a reasonable range, and in the short term it can be traded back and forth near the monthly moving average.