Reported 8 months ago
As the Taiwan Stock Market surpassed the 22,500-point milestone and is expected to reach the 23,000-point landmark soon, coupled with lower-than-expected US CPI data indicating easing inflation, the market has reacted optimistically to the prospects of interest rate cuts. Investment experts recommend focusing on leading stocks that keep breaking new highs and selecting stocks with increased trading volume last week and a strong uptrend signaled by a long red candlestick with high volume within 14 days. Among the 15 selected stocks are Fu Hwa (8085) and Hwa Cheng (1519), attracting institutional investors to position themselves, with future trends under close watch. Taiwan's investment atmosphere is positive, particularly during peak shareholder meeting season in June, advising to monitor the optimistic outlooks released by companies in the market. Major drivers of last week's market growth included TSMC, Hon Hai, and MediaTek, while sectors like heavy electronics, tourism, Apple's new products, and AI-PC related stocks are worth observing. The potential high-growth sectors among the selected 15 stocks include electronic companies, with an emphasis on optoelectronics and diversified presence in sectors like electrical cables. Green energy and heavy electronics have regained market interest, leading stocks like Hwa Cheng to hit the daily limit and become the focus once again, hinting at a possible market rally. Despite the market's chance of reaching new highs, certain stock categories like passive components, optical lenses, heavy electronics, electrical cables, cooling systems, and construction exhibited strength, while a stronger US dollar index may pose challenges to fund flows.
Source: YAHOO