Share prices are expected to extend their gains this week on foreign interest in high-tech stocks, led by market heavyweight Taiwan Semiconductor Manufacturing Co (TSMC,
Investors remained optimistic about the semiconductor sector, and interest in integrated circuit packaging and testing stocks was likely to continue, while flat panel display makers are expected to benefit from bargain hunting after recent heavy losses, they said.
Cellphone manufacturers and steel makers may attract additional market attention on their positive fundamentals.
The market is expected to move between 6,500 points and 6,800 points next week.
For the week ending last Friday, the weighted index closed up 237.35 points or 3.72 percent at 6,613.97, after a 2.33 percent decline in the previous week.
The average daily turnover stood at NT$86.82 billion (US$2.67 billion), following an average of NT$86.18 billion a week ago.
"The weekly rebound was better than expected ... Market sentiment will improve to some extent after this week's strong showing," Capital Securities (
Tseng said it was no surprise that investors were re-entering the market, expecting further gains in the near future.
Dealers said foreign investors are expected to focus on highly weighted stocks like TSMC.
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