Stock prices in Taiwan managed to stay higher during Saturday's trade despite profit-taking pressure, thanks to persistent buying of technology shares. Brokers expected the Weighted Index to test resistance at 8,400 points this week but saw growing profit-taking pressure around the 8,250-point level. The index ended on Saturday at 8,209.07, up 32.25 points for the day and raising the week's gains to 234.42 points or 2.94 per cent. After a modestly firmer opening, the benchmark stayed within an 89-point range as investors locked in profits from previous rises. Brokers said a strong outlook for the electronics sector helped the index retain its gains. 'As the index approached the 8,250-point level, profit-taking pressure began to emerge,' SinoPac Securities research head Leonard Hsueh said. 'But . . . buying interest in the semiconductor shares counterbalanced the selling pressure.' Chipmakers were attractive because of their relatively low price-earnings ratios, he said. Merrill Lynch on Friday advised investors to begin buying semiconductor stocks more aggressively, saying the mid-cycle drop in share prices was over. Dealers expected the broad market to undergo a moderate correction this week as a result of profit-taking. Power World Securities' James Su said: 'An earlier buying spree seems to be slowing down, so the market is likely to encounter a technical correction.' However, any downward movement would be moderate since investors appeared to have regained confidence in the market, he said. 'Market performance will primarily based on sectoral play, with [dynamic random access memory] chip issues most likely to lift sentiment,' Mr Su said. Richmond Investment Consulting deputy manager Kao Wei-chin said: 'The turnover has been expanding too quickly, so the market is bound to head for a correction.' Investors would also take their cue from results, he said.