Taiwan equities finished higher on Thursday, driven by strength in the Glass, Plastic and Electronic Parts/Components sectors as investors pushed the benchmark to a new peak.
At the close in Taiwan, the Taiwan Weighted index gained 2.75% to record an all-time high.
Top and bottom movers
- Compeq Manufacturing Co Ltd (TW:2313) led the session, jumping 10.00% or 20.50 points to settle at 225.50.
- Taiwan Mask Corp (TW:2338) also rose 10.00% or 3.70 points, closing at 40.70.
- Unimicron Technology Corp (TW:3037) climbed 9.99% or 40.50 points to end the day at 446.00.
- On the downside, Yeong Guan Energy Technology Group Co Ltd (TW:1589) fell 9.76% or 1.65 points to finish at 15.25.
- I-Chiun Precision Industry Co Ltd (TW:2486) declined 9.21% or 14.50 points to close at 143.00.
- CviLux Corp (TW:8103) dropped 5.38% or 5.30 points to 93.30 at the close.
According to exchange-level indicators, falling stocks outnumbered advancing ones on the Taiwan Stock Exchange by 0 to 0.
All-time moves for individual names
Shares of Compeq Manufacturing Co Ltd (TW:2313) rose to an all-time high, gaining 10.00% or 20.50 to reach 225.50. By contrast, Yeong Guan Energy Technology Group Co Ltd (TW:1589) fell to an all-time low, losing 9.76% or 1.65 to end at 15.25. Unimicron Technology Corp (TW:3037) also recorded an all-time high after rising 9.99% or 40.50 to 446.00.
Commodities and currencies
In commodities trading, crude oil for April delivery was up 0.20% or 0.13 to $65.55 a barrel. Brent oil for May delivery increased 0.24% or 0.17 to $70.86 a barrel. The April Gold Futures contract slipped 0.22% or 11.65 to trade at $5,214.55 a troy ounce.
On currency markets, USD/TWD was down 0.24% to 31.21, while TWD/CNY was unchanged 0.18% to 0.22. The US Dollar Index Futures was down 0.11% at 97.52.
Market context and takeaway
The session was defined by concentrated strength in a handful of sectors and large percentage swings in individual stocks. Commodities and currency moves were relatively modest in comparison to the equity advances that propelled the index to a record close.