U.S. Stocks Inspire Strong Rebound Back Above 47000
Driven by returning AI-themed buying and lower international oil prices lifting market sentiment, U.S. stocks closed higher across the board on Tuesday, with the Philadelphia Semiconductor Index rising over 3%, while TAIFEX night session surged 774 points, inspiring a strong rebound in the Taipei stock market 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, and finally surged 939.35 points, or 2.04%, to close at 47035.58 points, reclaiming the 47000 mark, with turnover reaching 7221.35億元.
Three Major Institutional Investors Buy Together, Investment Trusts Extend to 12 Straight Buys
As Taiwan stocks rebounded strongly, the three major institutional investors bought together, net buying 298.94億元 combined. Foreign investors ended 2 straight sessions of selling, turning to net buying of 159.22億元, while investment trusts extended a 12-session buying streak, adding another 118.07億元 today. Proprietary dealers net bought 24.48億元 for 2 straight trading days, while proprietary hedging sold a net 2.83億元, selling for 14 straight trading days.
Looking further at investment trust stock moves, net buys included 日月光投控, 華新科, 元大金 and 金像電, while the top five net sells were 兆豐金, 台塑化, 彰銀, 聯電 and 貿聯-KY in order, showing funds remain focused on electronics and financial heavyweights.
Heavyweights Lead Gains With Small and Mid-Caps Rising Together
Heavyweight stocks strengthened across the board today, with 台積電 opening up 20元 at 2420元, touching 2430元 intraday, and finally closing up 25元, or 1.04%, at 2425元, contributing about 199 points to the index alone. 聯發科 opened up 80元 at 4040元, surged to an intraday high of 4245元, and closed up 275元, or 6.94%, at 4235元. 台達電 opened up 55元 at 1565元 and closed up 40元, or 2.65%, at 1550元, with all three heavyweights rising together to drive the strong rebound.
OTC Surges as Funds Focus on Electronics Heavyweights
Not only large heavyweights performed strongly, small and mid-cap stocks also attracted funds. The OTC index opened up 3.26 points at 382.46 points, extended gains intraday to a high of 394.45 points, and closed up 15.25 points, or 4.02%, at 394.45 points, with turnover of 1653.57億元. By trading volume, the top five stocks were 友達, 力積電, 台玻, 南亞 and 聯電 in order, while by trading value the top five were 台積電, 聯發科, 南亞, 欣興 and 南亞科, showing funds concentrated in large electronics heavyweights and selected hot stocks.