The statistics showed that aggregate revenues scored by all the firms listed on the local bourse and the OTC market amounted to NT$1.42 trillion in January, representing a decline of 11.64 percent from a month earlier and showing a decrease of 5.13 percent from a year earlier due mainly to the Chinese New Year holiday.

Of the aforementioned firms, Nan Tsan Co., Ltd., a listed maker of printing inks, organic pigments and pigment preparation products, posted the highest annual revenue growth of 498.93 percent in January, reaching NT$335 million.

In addition, Gigastorage Corp., a major maker of optical storage media, saw its January revenue surge 123.87 percent from a year earlier to NT$262 million; Far Eastern Department Store’s revenue of NT$5.076 billion for January also represented an annual increase of 103.6 percent; and Asia Electronic Materials Co., a maker of flexible cooper-clad laminates, coverlays, and bonding sheets, also witnessed its January revenue grow by over 100 percent to NT$124 million.

Also among the 28 firms with record revenues in January were electronics shares as Taimide Technology, Senao International Co., Genius Electronic Optical Co., Faraday Technology Co., and Soft-World International Corp., as well as traditional industry shares including FamilyMart, Ambassador Hotel and Shin Kong Security.

Yeh Hong-ju, manager of the JF (Taiwan) Taiwan Best Selection Fund, said that after rallying sharply over the past few sessions, local shares are expected to fluctuate in line with their fundamentals, with those shares that can sustain growth momentum to be more popular with investors than other shares.

Yeh said that shares associated with backlight modules, printed circuit boards, low-price smartphone supply chains and computer peripherals are expected to enjoy better revenue and profit performances in the coming months, and investors can consider buying such shares.

He continued that in terms of shares in traditional industries, financial shares, China-concept shares, and shares closely related to the domestic market are likely to perform well amid good ties across the Taiwan Strait, and the government’s efforts to stimulate demand.