Sales of TWSE-listed firms down 1.45%
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.