Share prices closed 0.86 percent higher yesterday as gains in financial and electronics stocks offset the negative impact of a weak Wall Street performance overnight, dealers said.
Financials led the rally on bargain-hunting, while electronics were bolstered further after the foreign investor interest seen on Wednesday.
The weighted index closed up 50.89 points at the day's high of 5,939.42, off a low of 5,883.18, on turnover of NT$52.25 billion (US$1.67 billion).
Risers led decliners 533 to 284, with 208 stocks unchanged.
Seventeen stocks closed limit-up, while five were limit-down.
The financial sector was up 1.35 percent and electronics up 1.18 percent, but steel fell 0.80 percent and construction was down 0.30 percent.
"The financials benefited from rotational interest as the shares have been lagging behind other sectors recently," said Samson Chueh (
He said some investors may still be pinning their hopes on fresh foreign interest in the run-up to the Morgan Stanley Capital International's (MSCI) increase in the Taiwan weighting in its indices at the end of this month.
Taiwan Semiconductor Manu-facturing Co (台積電) was up NT$0.20 at NT$56, United Microelectronics Corp (聯電) rose NT$0.10 at NT$21 and Powerchip Semiconductor Corp (力晶半導體) added NT$0.05 at NT$21.15.
Hon Hai Precision Industry Co (
RSS