Shares rose slightly yesterday as investors were encouraged by gains overnight on Wall Street.
Companies with substantial property holdings extended defensive gains while some large-cap electronic stocks lost ground on continuing uncertainties about the industry outlook, dealers said.
The TAIEX rose 17.86 points, or 0.26 percent, to 6,879.51. Turn-over was NT$126.72 billion (US$3.95 billion). For the week, the index was down 194.64 points or 2.75 percent.
The construction sector, the best-performing sector on the main board, rose 3.2 percent overall yesterday.
"Local investors have been avoiding technology plays recently, and turned to construction stocks," said Bill Huang, a trader at KGI Securities Co (中信證券). The second quarter is usually a slow period for technology firms.
Kindom Construction Corp (
However, technology companies mostly fell. AU Optronics Corp (
Traders said flat-panel makers were facing inventory buildups and pressure for lower prices in the second and third quarters.
LCD-component maker Wellypower Optronics (
CTCI Corp (