Market Trend

Between November 16th and November 30th, MCI index inched up 10.4 points from 5764.4 to 5774.8. The index continued to rise above the 20-day average; although the industry has entered the down cycle, the market is still fairly optimistic toward the overall economy. Judging from panel shipments in October, despite a moderate slip compared to Sep09, YoY shipments still surged by 31.9%; this indicates a gradual recovery in the global economy, which drives up end market demand. Furthermore, although total panel shipments declined in October, TV panel shipments grew by 1.2%, stimulated by demand from China’s National Day holiday; this growth further led to brand vendors’ optimism toward demand during New Year and Chinese New Year, and prompted them to stock up in advance. On the whole, the positive outlook of the market is lifting the performance of the MCI index.