Early 544點 Surge Turns Negative, Barely Holding the 46K Mark
After the 光復連假, Taiwan stocks faced catch-up selling pressure. On 27日, early trading surged 544點, before selling in heavyweights dragged the index into negative territory. The benchmark index reached a high of 46585.45點, then reversed sharply to an intraday low of 45676.67點, a high-low swing of 908.78點, showing weak chasing momentum and heavy intraday selling. It closed up 54.8點 or 0.12% at 46096.23點, with turnover of 9765.47億元, though the quarterly moving average was regained then lost.
Investment Trusts Buy 236億, 8th Largest This Year, 11 Straight Sessions of Support
Looking at fund flows, foreign investors excluding proprietary trading sold a net 81.0391億元, investment trusts bought a net 236.4532億元, dealers sold a net 123.9904億元, for a combined net buy of 31.42億元 by the three major institutional investors. The single-day net buy by investment trusts was the 8th largest this year and 11th largest on record, with 11 consecutive trading days of market support totaling 1799.69億元. Dealers continued withdrawals, selling a net 3636.96億元 over 12 days, foreign investors cut 896.86億元 over 2 days, with a net sell of 8290.56億元 so far this month.
Mixed Heavyweights as 台積電 Holds 2400元 While 聯發科 Closes Lower
The top 5 heavyweights were mixed, with 台積電 up 0.63% to hold 2400元, and 鴻海 up 1.02% against the trend. In contrast, 台達電 fell 3.21%, 日月光投控 fell 0.46%, and 聯發科 dipped to 3910元 intraday, closing down 1.25% at 3960元. The broader market swung sharply, with financial, packaging and testing, robotics and memory groups bucking the trend. Financial stocks were relatively strong, including 富邦金, 合庫金 and 安泰銀 all up over 2%, with the market focusing on the merger theme for 彰銀, driving its share price to 30.3元, a 26-year high.
Bearish Moving Averages and Weak Short-Term Trend, Focus on Super Central Bank Week
群益投顧 analysis says Taiwan stocks’ short-term moving average structure remains bearish, with short-term technicals still in a weak consolidation pattern. Looking to November行情, many bearish factors have been priced in ahead, with the market expected to dip before rebounding. On the international front, the global super central bank week arrives, with the U.S. Federal Reserve meeting on 美國時間27至28日, decision to be announced on 台灣時間29日凌晨, expected to hold rates at 3.75% to 4%.