Shares rose for the third straight session yesterday, led by gains in consumer electronics makers following strong December sales and a positive outlook for 2006.
The TAIEX rose 93.43 points, or 1.4 percent, to 6,709.87, on turnover of NT$165.89 billion (US$5.13 billion).
Some traders expected mobile phone shipments in the first quarter of the new year to stay at the level reached during the year-end holiday season, or even to rise.
"Mobile phone shipments in the first quarter are likely to be flat or better than those in the fourth quarter on launches of new handset models," said Derek Lam, senior trader at Daiwa Securities SMBC-Cathay Co (
Traditionally, mobile phone shipments peak in the fourth quarter, he said.
High Tech Computer Inc
"The market has high expectations for the company's potentially explosive growth in the 3G area," said Fubon Securities Co's (
Compal Communications Inc (
Hon Hai Precision Industry Co (