Taiwan equities closed modestly higher on Tuesday, with gains concentrated in the Optoelectronic, Information Services and Financials sectors. Market participants pushed the benchmark to a new peak as the Taiwan Weighted recorded a 0.00% uptick at the close.
Several stocks topped the leaderboard on the Taiwan Weighted. Amtran Technology Co Ltd (TW:2489) led the winners, advancing 10.00% - a 3.60-point increase - to finish at 39.60. ChipMOS Technologies (TW:8150) also rallied 10.00%, gaining 6.50 points to close at 71.50. LIWANLI Innovation Co Ltd (TW:3054) rose 10.00% - up 3.45 points - to end the session at 37.95.
Not all names moved higher. Radiant Opto-Electronics Corp (TW:6176) retreated 9.96%, a drop of 13.50 points, to close at 122.00, while Lite-On Technology Corp (TW:2301) slipped 9.90% or 19.00 points to settle at 173.00. Yeong Guan Energy Technology Group Co Ltd (TW:1589) fell 9.82% - down 1.35 points - to a close of 12.40.
The trading breadth figure reported that falling stocks outnumbered advancing ones on the Taiwan Stock Exchange by 0 to 0.
Notable price milestones reported during the session
- Amtran Technology Co Ltd (TW:2489) climbed to an all time high, closing at 39.60 after a 10.00% gain.
- LIWANLI Innovation Co Ltd (TW:3054) reached a five-year high, finishing at 37.95 following a 10.00% advance.
- Shares of Yeong Guan Energy Technology Group Co Ltd (TW:1589) declined to an all time low, closing at 12.40 after a 9.82% fall.
Commodities and currency moves
Commodity markets showed notable strength during the session. Crude oil for April delivery increased 2.06%, or $1.47, to trade at $72.70 a barrel. Brent oil for May delivery rose 2.65%, or $2.06, to $79.80 a barrel. Meanwhile, the April Gold Futures contract advanced 0.34%, or $17.96, to trade at $5,329.56 a troy ounce.
On the currency front, USD/TWD climbed 0.34% to 31.61. The pair TWD/CNY was reported as unchanged at 0.05%, trading at 0.22. The US Dollar Index Futures moved up 0.39% to 98.72.
Overall, the session was characterized by sharp moves in individual stocks offsetting each other, with the benchmark index finishing effectively flat but at a record level. Sectoral strength in optoelectronics, information services and financials supported the market's advance, while significant declines among certain technology-related names weighed on breadth.