Sales of TWSE-listed firms down 1.45%

The China Post - - LOCAL -

Sales posted by the 816 com­pa­nies listed on the Tai­wan Stock Ex­change (TWSE) for May fell 1.45 per­cent from a year ear­lier as firms in the op­to­elec­tron­ics, ce­ment and steel in­dus­tries reg­is­tered a fall, ac­cord­ing to the TWSE.

Statis­tics com­piled by the ex­change showed that the listed com­pa­nies on the main board posted NT$2.19 tril­lion (US$70.65 bil­lion) in ag­gre­gate sales in May, down about NT$32.2 bil­lion or 1.45 per­cent from a year ear­lier.

Among the 816 listed firms, 310 reg­is­tered a year-on-year in­crease in May sales, while 506 suf­fered a decline, the data showed.

De­spite the fall in May, ag­gre­gate sales posted by th­ese listed com­pa­nies for the first five months of this year rose 2.13 per­cent from a year ear­lier to NT$11.16 tril­lion. The TWSE said that the in­crease in the five-month pe­riod in­di­cated that th­ese com­pa­nies still en­joyed sta­ble growth in ship­ments.

In May, the lo­cal op­to­elec­tron­ics sec­tor posted NT$113 bil­lion in sales, down 18.30 per­cent from a year ear­lier with 14 of them reg­is­ter­ing a sales rise, but 56 suf­fer­ing a fall, the TWSE said.

In the ce­ment sec­tor, ag­gre­gate sales fell 23.74 per­cent from a year ear­lier to NT$15.3 bil­lion in May, while rev­enue posted by the steel sec­tor dropped 19.88 per­cent year-on-year to NT$54.4 bil­lion that month, the ex­change said.

Against the down­trend in sales on the en­tire main board, the fi­nan­cial/in­sur­ance sec­tor posted an 18.95 per­cent year-on-year in­crease in sales for May with the rev­enue to­tal­ing 181.2 bil­lion.

The elec­tron­ics sec­tor, ex­clud­ing the op­to­elec­tron­ics seg­ment, out­per­formed the broader mar­ket, record­ing NT$334.1 bil­lion in sales, up 14.19 per­cent from a year ear­lier. The tourism sec­tor’s sales also rose 12.30 per­cent year-on-year to NT$5.7 bil­lion.

Dur­ing the first five months of this year, the semi­con­duc­tor sec­tor ben­e­fited from strong global de­mand for mo­bile de­vices, post­ing NT$926.5 bil­lion in sales, up 13.75 per­cent from a year ear­lier, the TWSE said, adding that lo­cal com­puter chip mak­ers wit­nessed higher ship­ments of chips made on high-tech tech­nol­ogy pro­cesses.

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