Shares end at 9,973.12 points led by fi­nan­cial stocks

The China Post - - TAIWAN BUSINESS -

Shares in Tai­wan closed higher Mon­day on the back of strong for­eign in­sti­tu­tional buy­ing that was fo­cused on fi­nan­cial stocks, deal­ers said.

The weighted in­dex on the Tai­wan Stock Ex­change ended up 59.84 points, or 0.6 per­cent, at 9,973.12, af­ter mov­ing be­tween 9,937.04 and 10,002.58. Turnover to­taled NT$130.16 bil­lion (US$4.25 bil­lion) dur­ing the ses­sion.

It was the first time in 15 years that the in­dex broke the 10,000-point mark.

Fi­nan­cial and con­struc­tion stocks emerged as the best per­form­ers Mon­day, ris­ing by 2.4 per­cent and 1.25 per­cent, re­spec­tively.

Shares of Fubon Fi­nan­cial Hold­ing Co. ( ) rose 4.08 per­cent to end at NT$63.7, while Cathay Fi­nan­cial Hold­ings Co. (

) fin­ished up 2.42 per­cent at NT$55.

China Devel­op­ment Fi­nan­cial Hold­ing Corp. ( ) soared 6.17 per­cent to NT$12.9, and E. Sun Fi­nan­cial Hold­ing Co. ( ) gained 5.34 per­cent to fin­ish at NT$21.7.

For­eign in­sti­tu­tional in­vestors bought NT$21.57 bil­lion net worth of shares Mon­day.

The U. S. dollar

fell

against the New Tai­wan dollar Mon­day, shed­ding NT$0.190 to close at NT$30.861

Turnover to­taled US$1.436 bil­lion dur­ing the trad­ing ses­sion.

The green­back opened at the day’s high of NT$ 31.051 and moved to a low of NT$30.551 be­fore re­bound­ing.

CNA

A dig­i­tal wall seen in this pic­ture taken yes­ter­day in Taipei shows the Tai­wan Stock Ex­change in­dex has come to a 15-year new high. Led by fi­nan­cial shares, the weighted in­dex closed at 9,973.12 points and turnover to­taled NT$130.16 bil­lion.

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