Stocks closed higher yesterday, after swinging between gains and losses.
Quanta Display Inc (
Taiwan Semiconductor Manu-facturing Co (TSMC,
The TAIEX added 3.47, or 0.1 percent, to 4,881.90. The same number of stocks gained as fell. The value of trading was NT$90.6 billion (US$2.6 billion), 60 percent above the average daily value traded in the last three months. The index added 2.7 percent this week. June futures on the benchmark rose 0.2 percent to 4,890.
"Investors are reluctant to bid up stock prices, as many question if corporate earnings can catch up with the current rally," said Celine Chiang (
"On the other hand, investors want to stay in the market because they don't want to miss out on the rally," she said.
Quanta Display, a maker of flat-panel displays, rose NT$0.50, or 4 percent, to NT$13. Chunghwa Picture, its rival, climbed NT$040, or 3.5 percent, to NT$12.



