The TAIEX on Friday ended up 9.95 points, or 0.08 percent, at 12,110.43, gaining 0.2 percent from a close of 12,091.59 on Dec. 27, after moving between 12,023.60 and 12,197.64, on turnover of NT$192.78 billion (US$6.4 billion). The market opened up 0.55 percent on follow-through buying from a session earlier, when the TAIEX closed up 0.86 percent. “Despite volatility during the session, the TAIEX moved throughout the session above the nearest technical support at about the five-day moving average of 12,070 points, which means that the main board remains technically healthy for the moment,” Su said. The bellwether electronics sector fell victim to profit-taking, while the optoelectronics industry suffered heavier selling throughout the session, falling 2.18 percent by the end of the session, Su said. United Microelectronics Corp (聯電), a smaller rival of TSMC, shed 1.51 percent to close at NT$16.35 and IC designer MediaTek Inc (聯發科) lost 1.59 percent to end at NT$434.50.
