Share prices closed 1.55 percent higher yesterday, recovering from early losses as investors adjusted positions ahead of the April futures contract expiry today, dealers said.
They said late-session gains reversed an early market fall triggered by Wall Street's overnight weakness.
The TAIEX added 109.04 points at 7,168.98. Turnover amounted to NT$124.16 billion (US$3.88 billion).
Risers led decliners 669 to 214, with 99 stocks unchanged.
"Futures on the MSCI Taiwan index will be settled tomorrow, and contract holders apparently were bullish about the spot shares today," said Grand Cathay Investment Services Corp (大華投顧) chairman Tu Jin-lung (杜金龍).
"Rotational buying among various sectors, backed by ample liquidity" also highlighted today's trading, he said.
United Microelectronics Corp (聯電) rallied 2.1 percent to NT$22.30 after a report that it had secured a contract from NVIDIA Corp to supply advanced graphic chips. Taiwan Semiconductor Manufacturing Co (台積電) rose 3 percent to NT$69.
Acer Inc rose 0.51 percent to NT$59.90 following disclosure that it expects an capital gain of NT$698.28 million from selling 50 million shares in BenQ Corp (明基) at an average price of NT$26.39 per share on April 25. BenQ fell 0.56 percent to NT$26.90.
On the Taipei foreign exchange market, the New Taiwan dollar fell from its highest level in more than three months yesterday on US dollar demand by oil firms and insurers, dealers said.
The local currency ended NT$0.059 lower at NT$32.052 against the greenback, on turnover of US$971 million.
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