Market Opens Higher and Reclaims 47000
The Taiex opened higher and moved higher on the 28th, boosted by across-the-board gains on Wall Street in the previous session, with electronics heavyweights recovering. The benchmark index closed up 939.08 points at 47036, up 2.04%, with turnover of 7221.35 hundred million New Taiwan dollars, retaking the 47000 mark. It opened up 307 points, buying interest warmed up during the session, the index kept climbing, hitting an intraday high of 47060 and a low of 46403, and closed at 47036, keeping an open-high, close-higher pattern.
Electronics Heavyweights Rise Across the Board, Led by MediaTek
Among focus stocks, TSMC closed up 25 to 2425, up 1.04%. Hon Hai rose 4 to close at 251.5. MediaTek jumped 275 to close at 4235, leading the rebound in heavyweights. Quanta rose 2.5 to close at 330. Evergreen Marine rose 1.5 to close at 263. Electronics heavyweights rose broadly overall, widening the index gains and becoming the main momentum pushing the market back above 47000.
Top Five Listed gainers Show Strength
In terms of listed gainers, the top 5 were Megaforce up 1.45, up 10%. Topoint up 1.25, up 10%. Foci-KY up 17, up 10%. T-Han up 7.8, up 10%. Chin-Poon up 4.95, up 9.99%. Many small and mid-cap stocks approached the daily limit, showing active buying. Funds spread from heavyweights to small and mid-caps, lifting overall market sentiment.
Turnover Recovers, Investors Should Remain Cautious
Driven by a higher close on Wall Street, the Taiex opened higher and moved higher today, with the index reaching as high as 47060 and closing at 47036, with turnover of 7221.35 hundred million New Taiwan dollars. Recovering electronics heavyweights and stronger small and mid-caps together supported the market back above the 47000 mark. Investing always involves risks, with both gains and losses. Investors should read the prospectus carefully before subscribing, learn correct investment concepts to minimize the risk of losses, and carefully assess their own risk tolerance.