Con­stituents of FTSE TWSE Tai­wan 50 In­dex un­changed af­ter re­view

The China Post - - BUSINESS -

Af­ter a quar­terly in­dex re­view, the con­stituents of the FTSE TWSE Tai­wan 50 In­dex re­mained un­changed, the Tai­wan Stock Ex­change said Satur­day.

As of the mar­ket close on Fri­day, Tai­wan Semi­con­duc­tor Man­u­fac­tur­ing Co. (TSMC, ) ac­counted for 24.16 per­cent of the Tai­wan 50 In­dex, the largest-cap stock in the in­dex, fol­lowed by Hon Hai Pre­ci­sion In­dus­try Co. ( ) with 8.62 per­cent, and Me­di­aTek Inc. ( ) with 4.21 per­cent, ac­cord­ing to the TWSE.

The TWSE launched the Tai­wan 50 In­dex in Oc­to­ber 2002 along­side the FTSE, a global in­dex provider. The in­dex is usu­ally closely fol­lowed by for­eign in­sti­tu­tional in­vestors, as it com­prises the top 50 large cap stocks in Tai­wan, ac­count­ing for over 70 per­cent of the lo­cal main board’s to­tal cap­i­tal­iza­tion On Fri­day, the Tai­wan 50 In­dex fell 0.08 per­cent from the pre­vi­ous ses­sion to 6,875.36, while the weighted in­dex on the main board closed down 0.09 per­cent, at 9,340.13 points.

While leav­ing the Tai­wan 50 In­dex un­changed, the TWSE said it has placed five stocks on the wait­ing list for the next quar­terly re­view. The five are Eclat Tex­tile Co. ( ), con­tract PC maker Com­pal Elec­tron­ics Inc. ( ), in­te­grated cir­cuit designer No­vatek Mi­cro­elec­tron­ics Corp. ( ), bi­cy­cle ven­dor Gi­ant Man­u­fac­tur­ing Co. ( ), and shoe maker Feng Tay En­ter­prises Co. (

). Also af­ter the in­dex re­view, the TWSE said, it de­cided to in­clude com­mu­ni­ca­tions de­vice sup­plier Wistron NeWeb Corp. ( ), Tai­wan Life In­sur­ance Co. ( ), and un­in­ter­rupt­ible power sys­tem maker Voltronic Power Tech­nol­ogy Corp. ( ) in the FTSE TWSE Tai­wan Mid-Cap 100 In­dex.

The Tai­wan Mid-Cap 100 In­dex com­prises the next 100 Tai­wanese com­pa­nies af­ter the Tai­wan 50 In­dex in terms of mar­ket cap­i­tal­iza­tion. The Tai­wan-Mid-Cap 100 In­dex ac­counts for 20 per­cent of the to­tal mar­ket cap­i­tal­iza­tion on the main board.

The TWSE also de­cided to re­move Prince Hous­ing & Devel­op­ment Corp. ( ), Sinyi Re­alty Inc. (

), and speaker maker Merry Elec­tron­ics Co. ( ) from the Tai­wan Mid-Cap 100 In­dex. Wistron MeWeb will be added to the FTSE TWSE Tai­wan Tech­nol­ogy In­dex af­ter the re­view, while Merry will be re­moved from the tech­nol­ogy in­dex, which com­prises all in­for­ma­tion stocks in the Tai­wan 50 and the Tai­wan Mid­Cap 100 in­dexes.

The in­dex ad­just­ments are sched­uled to be­come ef­fec­tive on June 22.

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