The Taiwan Weighted Index rose a total of 914.91 points (up 4.6%) during the week from April 28 to May 2. Foxconn (2317), a leading international contract manufacturer, saw a strong increase on Friday (2nd), breaking through the previous high of NT$145, and ultimately closing at NT$147.5, up 4.24%. Over the week, Foxconn’s stock price increased by 6.12%, with a trading volume of 190,044 shares.

According to reports, institutional investors bought 11,326 shares of Foxconn this week, investing a total of NT$1.63 billion, making it the most bought stock by institutional investors in the week, achieving a third consecutive week of net buying.

Analyst Chen Shih-Hui from Yunda Investment stated that Foxconn’s stock has stabilized recently with solid support. If the trading volume increases progressively next week and fills the gap created earlier, the short term could see a challenge of the previous high breakout point at NT$153.3.

Based on data from the stock exchange, the three major institutional investors collectively had a net buying total of NT$45.715 billion this week, with institutional investors buying NT$21.317 billion and selling NT$18.013 billion, resulting in a net buying of NT$3.304 billion. Foxconn (2317) was the top net bought stock among the ten major stock purchases by institutional investors, followed by Fubon Financial (2881), Cathay Financial (2882), and others. The net buying activity indicates strong market confidence in Foxconn.