(Central News Agency reporter Chang Chien-chung, Taipei, June 17) Taiwan's stock market opened lower but rebounded to close in positive territory today, rising 68.2 points to finish at 45,877.39, with a total trading value of TWD 1.102051 trillion. Foreign investors sold a net TWD 20.656 billion, with United Microelectronics Corporation (UMC) seeing the largest sell-off at 45,460 lots.

Although shares in TSMC, MediaTek, and Delta Electronics declined, gains in major electronics heavyweights such as Hon Hai, Quanta, and Yageo, along with strength in the plastics and financial sectors, supported the overall market rise.

All three major institutional investor groups sold stocks today. Foreign and mainland Chinese investors sold TWD 20.656 billion, proprietary traders sold TWD 429.7 million, and investment trusts sold TWD 640 million, totaling a combined net sell-off of TWD 2.5593 billion.

According to data from the Taiwan Stock Exchange, foreign investors sold the most UMC shares—45,460 lots. Other top ten sell-offs included Powerchip, Macronix, Innolux, Wistron, Compal, Winbond, Fubon Taiwan Dragon (00405A), Hsin Chong, and Mega Financial.

The top ten buy-side names among foreign investors included EVA Airways, AU Optronics, Capital Group Taiwan High Dividend Select (00919), China Airlines, Nan Ya Plastics, Walsin Technology, Yuanta Taiwan Upgrade 50 (00403A), Yuanta Taiwan Growth (00981A), First Financial, and Taishin Xinsheng Financial.

Senior analyst Wang Chao-li stated that with market confidence recovering and the index holding above the monthly line of approximately 44,368 points, the bullish structure remains intact. He added that the upcoming U.S. Federal Reserve interest rate decision meeting is a key focus for the market. (Edited by Yang Lan-hsuan) 1150617

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  • Source: CNA (Central News Agency)
  • Category: Taiwan
  • Products / services: ETF