Domestic shares end slightly higher in thin trading
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.