Foreign Investors Turn to Net Sell of 688億, Investment Trusts Extend 13 Buys but Fail to Offset Selling Pressure
Taiwan stocks today (29th) closed down 667.25 points at 46,368.33 points, with the three major institutional investors net selling a combined 816.66億元. Among them, foreign investors ended the previous trading day's net buying and turned from buy to sell today, cutting positions by 688.15億元 to become the main source of selling pressure today. Investment trusts remained on the buy side, extending net buying to 13 consecutive trading days and adding 86.49億元 today. Proprietary dealers (proprietary trading) ended 2 consecutive buys and trimmed 1.84億元 today, while proprietary dealers (hedging) extended net selling to 15 consecutive sells with 213.16億元 net sold today. Although investment trusts extended net buying, the amount remained smaller than the single-day net selling by foreign investors and failed to offset overall institutional selling pressure.
Index Opens Lower and Moves Lower, Once Plunging 980 Points Intraday
The U.S. Federal Reserve kept interest rates unchanged as widely expected, and with semiconductor stocks leading gains, all four major U.S. stock indexes closed higher, with the Philadelphia Semiconductor Index rising over 1%. However, TAIFEX night futures fell 128 points against the trend, and the Taipei stock market opened today down 20.71 points at 47,014.87 points. Selling pressure then continued to expand, alongside NTD capital outflows, with the weighted index falling to an intraday low of 46,055.07 points, plunging 980.51 points, and closing down 667.25 points or 1.42% at 46,368.33 points, falling below the 47,000 mark, with trading volume reaching 7,891.52億元.
Large-Cap Stocks Lead Declines as 台積電 聯發科 台達電 Weaken
Large-cap stocks became the focus of market selling pressure today. 台積電 opened down 5 yuan at 2,420 yuan, fell to an intraday low of 2,390 yuan, and closed down 10 yuan or about 0.41% at 2,415 yuan, dragging the broader index by about 79 points. 聯發科 opened down 30 yuan at 4,205 yuan, fell to an intraday low of 4,000 yuan, and closed sharply down 190 yuan or 4.49% at 4,045 yuan. 台達電 opened down 25 yuan at 1,525 yuan and closed down 70 yuan or 4.52% at 1,480 yuan. The top five stocks by trading volume today were 聯電, 友達, 力積電, 群創 and 富喬, while the top five by trading value were 台積電, 聯電, 穩懋, 南亞科 and 聯發科, with trading concentrated in semiconductor and electronics-related stocks.
OTC Turns Negative to Close Lower as Investment Trusts Add Electronics and Traditional Industry Stocks
Small- and mid-cap stocks performed relatively strongly in early trading, with the OTC index opening up 1.79 points at 396.4 points, but as the broader market's decline intensified, small- and mid-cap stocks also faced selling pressure, with the index turning from gains to losses to close down 7.24 points or 1.83% at 387.37 points, with trading volume of 2,127.33億元. The top five stocks net bought by investment trusts today were 華新科, 長華*, 英業達, 南亞 and 日月光投控, continuing to add electronics and some traditional industry stocks. The top five net sold stocks were 聯電, 兆豐金, 台塑化, 中信金 and 台新新光金, with 聯電, 兆豐金 and 台塑化 among those trimmed by investment trusts.