Do­mes­tic shares end slightly higher in thin trad­ing

The China Post - - TAIWAN BUSINESS -

Shares in Tai­wan closed mod­er­ately higher in thin trad­ing yesterday, with the bell­wether elec­tron­ics sec­tor slightly un­der­per­form­ing the over­all mar­ket.

The Tai­wan stock ex­change’s bench­mark in­dex — the Taiex — faced ob­vi­ous tech­ni­cal re­sis­tance near the 8,365-point mark, and an ex­pan­sion in trad­ing vol­ume will be needed if the bar­rier is to be over­come, deal­ers said.

The Taiex ended up 47.33 points, or 0.56 per­cent, at 8,352.36, af­ter mov­ing be­tween 8,316.83 and 8,364.59, on turnover of NT$82.99 bil­lion (US$2.53 bil­lion).

The elec­tron­ics sec­tor fin­ished up 0.34 per­cent, and the semi­con­duc­tor sub-in­dex was up 0.47 per­cent. The fi­nan­cial sec­tor, mean­while, rose 0.62 per­cent.

Tai­wan Semi­con­duc­tor Man­u­fac­tur­ing Co.( ), the most heav­ily weighted stock in the mar­ket, closed 0.38 per­cent higher at NT$132.5.

Lar­gan Pre­ci­sion Co. ( ), the most ex­pen­sive stock on the lo­cal mar­ket, fell 3.5 per­cent to end at NT$2,480.

Hon Hai Pre­ci­sion In­dus­try Co. ( ), the world’s largest con­tract elec­tron­ics maker, gained 0.35 per­cent to fin­ish at NT$86.

For­eign in­sti­tu­tional in­vestors sold a net NT$2.96 bil­lion worth of

lo­cal shares Mon­day.

US Dol­lar Closes Lower

on Taipei Forex

The U.S. dol­lar fell against the New Tai­wan dol­lar Mon­day, shed­ding NT$0.154 to close at NT$33.002.

Turnover to­taled US$602 mil­lion dur­ing the trad­ing ses­sion.

The green­back opened at the day’s high of NT$33.156, and moved to a low of NT$32.740 be­fore re­bound­ing.

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