Stock Market

The TPEx Index, for the most part, fluctuated and edged higher in the month of May. From the 4th to the 14th, the TPEx Index fluctuated upwards amid the expansion of the global semiconductor industry and the rapid rise in demand for AI infrastructure. In addition, the release of several positive news from the United States boosted market investment sentiment. The Bureau of Labor Statistics reported that nonfarm payrolls increased by 115,000 in April, better than market expectations, indicating that the job market remains resilient. Furthermore, Bloomberg research indicates that S&P 500 companies' first-quarter earnings increased by a staggering 27% year-over-year, more than double the initial expectations. Supported by multiple positive news, the TPEx Index closed at 426.57 on the 14th, up 41.99 points during the period, with a cumulative increase of 10.92%. From the 15th to the 20th, concerns about inflation and interest rate hikes resurfaced due to the Consumer Price Index (CPI) rising to an annual increase of 3.8% announced in mid-May, the appointment of a new Federal Reserve (Fed) chairman, and the continued high international oil prices. Furthermore, the Trump-Xi summit on the 15th ultimately failed to reach a concrete business or ceasefire agreement, disappointing market expectations and causing sentiment to shift from optimism to pessimism. The TPEx Index fell back to 396.42, down 30.15 points, or 7.07%. From the 21st to the 29th, the TPEx Index rose due to Nvidia's strong first-quarter financial results, strengthening of AI supply chain, and the news that SpaceX had officially submitted its prospectus and is expected to be listed in mid-June. The TPEx Index closed at 443.64 on the last trading day of the month (29th), up 59.06 points (15.36%) in comparison with the end of previous month, setting a new historical high. Among all the sectors, electronic parts/components stocks led the herd, gaining 32.25%, while biotechnology and medical care stocks fell 3.46%.

In the Emerging Stock Board stocks, the total turnover this month amounted to approximately NT$233.699 billion, a decrease of 40.64% in comparison with the previous month's total turnover of NT$393.721 billion. A total of 1,879,969 transactions were executed during the month. The daily turnover on Emerging Stock Market averaged NT$11.685 billion, down 40.64% as compared to the average daily turnover of NT$19.686 billion in the previous month. The total trading volume this month amounted to 2,038,190 thousand shares, down 41.73% compared to the 3,497,896 thousand shares traded in the previous month. The market recorded the highest daily turnover of the month on the 4th with NT$16.5 billion.

Stock Index Movement and Turnover Chart

Highest Index Level in May is 443.64   Lowest Index Level in May is 396.42 Highest Turnover in May is 4290.44345978   Lowest Turnover in May is 2289.58535818 (Unit = NT$100M)