The TAIEX rose for the fifth session in six yesterday. CMC Magnetics Corp (中環) gained after a newspaper said the nation's largest maker of recordable compact discs will have record sales this month.
Quanta Computer Inc (廣達電腦) and Hon Hai Precision Industry Co (鴻海精密) declined on concern a drop in the US dollar against the New Taiwan dollar will erode the value of overseas sales.
The TAIEX added 8.26, or 0.2 percent, to 5,684.01. The index fell as much as 0.6 percent earlier. About the same number of stocks gained and declined.
The index has risen 1.1 percent since Sept. 16. The futures contract for September delivery rose 0.3 percent to 5,714.
CMC Magnetics rose 60 cents, or 2.4 percent, to NT$25.60.
Ritek Corp (錸德) climbed 10 cents, or 0.4 percent, to NT$23.
CMC's net income in the third quarter will top NT$2 billion (US$59 million), compared with the NT$2 billion the company posted in the first half, a Chinese-language newspaper reported, citing company chairman Bob Wong (翁明顯).
Quanta Computer, the world's largest notebook computer maker fell NT$1, or 1.2 percent, to NT$84.50. Hon Hai Precision, the nation's largest electronics maker, dropped NT$4, or 2.6 percent, to NT$148.
China Development Financial Holding Corp (中華開發金控), the nation's fifth-largest financial company by market value, rose 5 cents, or 0.4 percent, to NT$12.70. Chairwoman Diana Chen (陳敏薰) said the lender is considering taking over an insurer and a commercial bank, the local newspaper reported.
Chunghwa Telecom Co (
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