Market Trend

Between February 16, 2009 to February 27, 2009, the MCI index slid from 4652.5 to 4580.0, down by 72.5 points. On one end, the index was weighed by the uncertain TFT-LCD market outlook. On the other, as downstream clients continued to replenish their inventory, the influx of rush orders, which reflected a better market demand, helped provide support to the index, thereby preventing it from experiencing any sharp declines. The small changes in the MCI index showed that the two opposing forces were roughly comparable in the second half of February. Sometimes it swayed more to one side, and at times it tilted to the other, which can be inferred by the up and down crossing of the 20-day average. In total, 5 crossings were seen. As of February 27, the index was 41 points lower than the 20-day average. Generally speaking, momentary improvements or deterioration in the market fundamentals are expected to continue for the time being.