Foreign investors buy NT$21.1 billion, focusing on industrial leaders and active ETFs

(CNA) The Taiwan stock market rose 587.81 points today, closing at 46,465.20 points, a new record high. Foreign and mainland Chinese investors shifted from selling to buying, with net purchases of NT$21.131 billion. They re-entered the market to buy active ETFs (Exchange Traded Funds), steel, and petrochemical stocks, with China Steel seeing the largest net purchase of 319,900 shares.

Driven by small and mid-cap technology stocks, the Taiwan stock market surged over 680 points intraday today, reaching a historic high of 46,565.70 points. Later, influenced by the cautious sentiment ahead of the Dragon Boat Festival holiday and pre-holiday selling pressure, the gains narrowed. The market closed up 587.81 points at 46,465.20 points, a new high, with a gain of 1.28%. The weekly index rose 2,296.16 points, turning positive for the week.

Institutional investors collectively bought NT$30.978 billion worth of Taiwan stocks today. Among them, proprietary traders bought NT$15.488 billion, while investment trusts sold NT$5.641 billion, and foreign and mainland Chinese investors bought NT$21.131 billion.

Observing foreign investor positioning, the two major leaders in the traditional industries were favored. China Steel ranked first with 319,900 shares, and Formosa Plastics ranked third with 142,200 shares. Two active ETFs also saw foreign investor purchases exceeding 100,000 shares: Active Fubon Wealth Management 50 (00403A) with 196,400 shares and Active Fubon Taiwan Growth (00981A) with 115,900 shares.

Foreign investors' 5th to 10th largest purchases were, in order: Fubon Wealth Management High Dividend 100 (00919), UMC, AUO, Macronix, Taiwan Glass, and Medi-Life.

Foreign investors also sold off panel stocks, electronic blue chips, and memory chip sectors. Their top 10 sell-offs were, in order: CPT, Mega Financial, Innolux, Hon Hai, Wistron, Far EasTone, Gintech Energy, Nuvoton,臻鼎-KY, and E.SUN Financial.

Investment trusts sold for the second consecutive day, trading against foreign investors. Their top two sell-offs were China Steel (286,000 shares) and Formosa Plastics (107,300 shares). UMC was the third largest sell-off, with a reduction of 49,200 shares. (Editor: Yang Kai-hsiang) 1150618

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