Average daily turnover stood at NT$59.76 billion (US$1.77 billion), compared with NT$43.41 billion at the close of the previous trading week.
“The technical resistance ahead of 4,500 points is stiff. It is time for the market to pull back to some extent after a strong showing this week,” Taiwan International Securities (金鼎證券) analyst Arch Shih (施博元) said.
But, as many investors remain empty-handed after unloading their holdings before the holiday, the market will be filled with liquidity.
“They [investors] are still hunting bargains. Any technical downturn will provide them with good buying opportunities,” Shih said.
With trading turnover expanding, Shih said he expects large cap stocks, in particular electronics, to continue to be the favorites of institutional investors.
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