Taiwan equities finished higher on Friday as gains in electronic-focused segments propelled the benchmark to a fresh high. The Taiwan Weighted closed up 0.91% and recorded an all-time closing peak.
Market movers and index result
Sectors cited as leading the advance were Other Electronic, Computers & Peripherals and Electronic Products Distribution. At the close, the Taiwan Weighted had added 0.91%, marking a new record for the index.
Top performers
- Alchip Technologies Ltd (TW:3661) led the session with a 10.00% gain - up 415.00 points to close at 4,565.00. Shares in Alchip rose to all-time highs.
- APCB Inc (TW:6108) climbed 10.00% - a 2.00 point increase to finish at 22.00. APCB reached 52-week highs in the session.
- United Microelectronics Corporation (TW:2303) advanced 9.99% - up 8.30 points to 91.40. UMC also rose to all-time highs.
Largest decliners
- Taiwan Surface Mounting Technology Corp (TW:6278) fell 10.00%, down 18.50 points to 166.50 at the close.
- Asia Vital Components Co Ltd (TW:3017) declined 9.98% - a drop of 270.00 points to finish at 2,435.00.
- Jentech Precision Industrial Co Ltd (TW:3653) was down 9.94%, a 475.00 point decrease to 4,305.00.
The report on breadth noted that falling stocks outnumbered advancing ones on the Taiwan Stock Exchange by 0 to 0.
Commodities and currency
Commodity prices registered modest gains during the session. Crude oil for June delivery was up 0.55% or 0.52, trading at $95.33 a barrel. Brent oil for July delivery rose 0.88% or 0.88, to $100.94 a barrel. The June Gold Futures contract advanced 0.53% or 24.90, to trade at $4,735.80 a troy ounce.
On currency indicators, USD/TWD was down 0.07% to 31.39 and TWD/CNY was unchanged at 0.09% to 0.22. The US Dollar Index Futures was reported up 0.06% at 98.00.
Notable price milestones
Three names reached price milestones during the session: Alchip Technologies Ltd (TW:3661) and United Microelectronics Corporation (TW:2303) both rose to all-time highs, while APCB Inc (TW:6108) advanced to 52-week highs.
Context for readers
The session was marked by concentrated strength in electronic-related sectors and several large single-stock moves. Commodity and currency readings moved only modestly during the trading period.