The TAIEX rose to almost a 17-month high yesterday after Chunghwa Telecom Co (
Mega Financial Holding Co (
"Companies that showed strong profit and sales reports will be favored by investors," said Phil Chen, who manages the US$46 million High-Tech Fund at Grand Cathay Securities Investment Trust Co (
The TAIEX rose 48.08, or 0.8 percent, to 5,869.88, its highest since May 15 last year. For the week, the index rose 2.1 percent. About seven stocks gained for every two that declined.
About 5.7 billion shares changed hands, 32 percent above the three-month daily average.
The futures contract for October delivery rose 1 percent to 5,894.
Chunghwa Telecom gained NT$1, or 2.1 percent, to NT$49.80. The company said last month's sales rose 1.4 percent to NT$15.5 billion (US$458 million) from NT$15.2 billion the same month a year ago.
Quanta Computer rose NT$2, or 2.3 percent, to NT$87.50. Quanta said sales last month nearly quadrupled from a year earlier.
Cathay Financial, the country's biggest financial services company, advanced NT$1.30, or 2.7 percent, to NT$48.80.
Mega Financial, the nation's third-largest financial company by market value, rose NT$0.50, or 2.6 percent, to NT$19.60.
Chi Mei Optoelectronics Corp (
Taiwan Semiconductor Manu-facturing Co (
The Taiwan Stock Exchange will be closed today for the Double Ten Day national holiday.
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