Taiwan's equity benchmark ended the session higher on Wednesday, with the Taiwan Weighted up 0.42% at the close. Gains were concentrated in the Electronic Parts/Components, Electricity and Computers & Peripherals sectors, which led the market higher by the end of trading.
The top performers on the Taiwan Weighted included Qualipoly Chemical Corp (TW:4722), which climbed 10.00% or 18.00 points to finish at 198.00. Sunko Ink Co Ltd (TW:1721) also advanced 10.00%, adding 2.05 points to close at 22.55. Mirle Automation Corp (TW:2464) completed the trio of 10.00% winners, rising 7.90 points to 86.90 in late trade.
On the downside, Yeong Guan Energy Technology Group Co Ltd (TW:1589) fell 9.92% or 0.61 points to end at 5.54, Hotel Holiday Garden (TW:2702) dropped 9.83% or 1.75 points to 16.05, and BenQ Materials Corp (TW:8215) declined 9.23% or 2.70 points to close at 26.55. The session included notable breadth data: "Falling stocks outnumbered advancing ones on the Taiwan Stock Exchange by 0 to 0."
Market milestones were recorded for a number of names. Shares of Yeong Guan Energy Technology Group Co Ltd (TW:1589) reached all-time lows, closing down to 5.54 after the 9.92% decline. Sunko Ink Co Ltd (TW:1721) and Mirle Automation Corp (TW:2464) both rose to 52-week highs, finishing at 22.55 and 86.90 respectively.
Commodity and currency markets were mixed during the session. Crude oil for June delivery fell 0.99% or 0.89 to $88.78 a barrel. Brent oil for June delivery declined 0.61% or 0.60 to $97.88 a barrel. In precious metals, the June Gold Futures contract rose 1.23% or 58.04 to trade at $4,777.64 a troy ounce.
Currency moves showed modest change: USD/TWD decreased 0.05% to 31.48, while TWD/CNY was essentially unchanged, moving 0.14% to 0.22. The US Dollar Index Futures was down 0.09% at 98.13 at the time reported.
Summary of market action:
- Index close: Taiwan Weighted +0.42%.
- Top gainers: Qualipoly Chemical Corp (TW:4722), Sunko Ink Co Ltd (TW:1721), Mirle Automation Corp (TW:2464).
- Top losers: Yeong Guan Energy Technology Group Co Ltd (TW:1589), Hotel Holiday Garden (TW:2702), BenQ Materials Corp (TW:8215).
This session's activity included several pronounced individual stock moves and mixed signals from commodities and FX markets. The information above reports closing values, intra-session highs and lows, and percentage changes as recorded at the close of trading.