Taiwan share prices are expected to make further ground this week as window dressing interest in the conglomerate stocks picks up with the year-end approaching, dealers said.
Foreign investors are likely to put additional funds into Taiwan to take advantage of the relatively low valuations for local shares which have been lagging behind their peers in the regional and US markets, they said.
The market is expected to trade between 7,350 and 7,550 points, accordingly.
For the week to November 24, the weighted index closed up 167.82 points or 2.31 percent at 7,427.36 after a 1.19 percent gain a week earlier.
Average daily turnover stood at 107.26 billion dollars (3.27 billion US), up from 103.48 billion dollars.
"The stock market is driven by ... lots of money seeking investment targets around the region. Ample liquidity is expected until the end of the year," Fubon Securities Investment Services analyst Daniel Tseng said.
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