Nanya Technology rises 10 per cent as foreign investors buy shares

Nanya Technology rose 10 per cent over the past week as foreign investors bought NT$9.2bn of shares in the chipmaker. The benchmark Taiex fell 2.4 per cent over the same period to close at 44,920 on 2 November. Over the past month, the index fell 5.7 per cent, leaving it up 55 per cent year to date.

Foreign sales

Foreign investors posted NT$247.0bn of net selling over the week, having recorded NT$73.5bn of net selling on 2 November. Across the past month, foreign net selling reached NT$1.0tn. Dealers recorded NT$98.4bn of net selling over the week, whereas investment trusts recorded NT$104.2bn of net buying.

On 2 November, 74 of the 150 largest listed companies fell and 66 rose. Chipmaker TSMC recorded NT$66.3bn of foreign net selling over the week, while MediaTek had NT$43.2bn of foreign net selling. Machinery maker Hiwin Technologies rose 7.5 per cent over the week.

Electronic components makers declined across the week. Holy Stone Enterprise fell 16 per cent and ITEQ dropped 16 per cent. Zhen Ding Technology, another electronic components maker, fell 14 per cent over the period.