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MCI

MCI Trend

MCI Trend

MCI , which stands for Market Confidence Index , is an indicator tailored for TFT-LCD industry. In the past, marketers tend to use the mainstream panel prices to diagnose the health of the TFT-LCD industry and predict its market trend. However, as the application sizes vary and market focus changes all the time, it is never easy to find an appropriate tool to judge the market climate. In view of this, WitsView develops MCI , aimed to become a mutual-language among industry participants for effective communication on industry outlook and market trend.


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The new MCI confidence scale seen beside the MCI graph has been added by WitsView to help viewers better understand the current TFT LCD market confidence level that a particular value represents. A flashing light of the current confidence level has also been added to let viewers immediately grasp the current state. The categorization was performed mathematically, where the historical MCI dataset was divided into 5 distinct categories. The research results are shown as follows:

  1. Above 8000: Very high confidence level
  2. Between 7000~8000: High confidence level
  3. Between 6500~7000: Moderate confidence level
  4. Between 6000~6500: Low confidence level
  5. Below 6000: Very low confidence level


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WitsView delivers daily MCI at PM6:00 (GMT+8:00) after the close of each corresponding stock market.



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MCI is NOT an underlying index traded in any market; clients who use MCI as their trading benchmark should judge with their discretion and take the full responsibility for any loss that incurs. WitsView hereby expressly disclaims all warranties of originality, accuracy, completeness or fitness for a particular purpose with respect to any of this information.


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WitsView welcomes your valuable comment and opinions regarding the MCI ; you may send your message to us.


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As many of empirical studies discover, share price normally moves ahead of the industry fundamental. The more transparent the market becomes, the more quickly the information diffuses and the faster the share price responds to the market.

In order to develop a mutual language among industry participants for effective communication on industry outlook and market trend, WitsView recently rolled out MCI to assist marketers in decision making and become a widely accepted industry reference.

MCI WVTC <GO>

MCI is a weighted average indicator measuring the market performance of the global listed companies in the TFT-LCD industry. The index was based in Jan. 2003 and consists of the following stocks: Sharp, Japan Display Inc., LG Display, Samsung Electronics, AU Optronics, Innolux Corporation, Chunghwa Picture Tubes Ltd., and HannStar Display Corp. BOE Technology Group Co., Ltd.

Country Company Ticker Market
China BOE 000725 CN
Japan JDI 6740 JP
Japan Sharp 6753 JP
Korea LG Display 034220 KSE
Korea Samsung Electronics 005930 KSE
Taiwan AU Optronics Corp. 2409 TW
Taiwan Innolux Corporation 3481 TW
Taiwan Chunghwa PictureTubes Ltd. 2475 TW
Taiwan HannStar Display Corporation 6116 TW
Remark : Quanta Display Inc. stopped transactions in Taiwan Stock Exchange Market from Sep. 20, 2006. The consolidation date of the merger with AUO is set on Oct. 1, 2006 and Quanta Display Inc. has been removed from MCI list from that day. Japan Display Inc. has been added to MCI list since June, 2014.

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MCI is the exclusive property of WitView, which holds the exclusive title and ownership of the copyrights and intellectual property rights of its content and trademark. Reproduction of MCI in any form or by any
means is forbidden without prior written permission. If you're interested in the historical MCI data,
please fill out the form and we will process your request shortly.

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