Taiwanese shares edged up yesterday despite profit-taking, with the total market capitalization of Taiwan Stock Exchange (TWSE)-listed stocks exceeding NT$60 trillion (US$1.9 trillion) for the first time.
The TAIEX rose 36.41 points, or 0.19 percent, to close at 18,889.19, while market turnover expanded 9.5 percent to NT$443.945 billion from the previous session, TWSE data showed.
The benchmark index briefly moved above 19,000 points in early trading yesterday, driven mainly by semiconductor players such as Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) and MediaTek Inc (聯發科) at the encouragement of the sharp rises in Nvidia Corp and Super Micro Computer Inc on Wall Street overnight.
Photo: I-Hwa Cheng, Bloomberg
TSMC climbed above NT$700 before paring gains to close at NT$697, a rise of 0.72 percent, while MediaTek rallied 8.37 percent to NT$1,100, making it the second-largest stock in terms of market capitalization on the TWSE at NT$1.76 trillion, behind TSMC at NT$18.07 trillion.
Non-tech stocks, such as those in electrical machinery and chemicals, also moved up to buoy the TAIEX, while shipping, plastics and electrical cables posted deeper declines compared with a day earlier, TWSE data showed.
The total market capitalization of the main bourse-listed stocks reached NT$60.03 trillion yesterday, up from NT$59.91 trillion the previous day and compared with NT$59.14 trillion on Friday last week, TWSE data showed.
Cumulative transactions on the TWSE reached NT$10.51 trillion so far this year, with an average daily transaction of NT$328.34 billion, the data showed.
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