Taiwan shares rise 1.62%, led by large cap stocks
05/28/2021 05:25 PM
CNA file photo
Taipei, May 28 (CNA) Shares in Taiwan moved sharply higher to close above 16,800-point mark Friday as large cap stocks across the board regained their footing in a strong technical rebound after showing weakness a session earlier, dealers said.
A 0.58 percent gain in the Philadelphia Semiconductor Index overnight helped the bellwether electronics sector, and interest was also strong in raw material stocks, especially the steel sector, on hopes that strong demand will push profits higher, they said.
The Taiex, the weighted index on the Taiwan Stock Exchange (TWSE), ended up 269.25 points, or 1.62 percent, at 16,870.86, after moving between 16,690.04 and 16,889.01. Turnover totaled NT$493.93 billion (US$17.78 billion).
Taiwan shares close slightly up in consolidation mode
05/26/2021 04:54 PM
CNA file photo
Taipei, May 26 (CNA) Shares in Taiwan moved in consolidation mode, ending slightly higher Wednesday after lackluster performance on U.S. markets overnight, dealers said.
After a surge the previous day, many tech heavyweights paused to limit the movement of the broader market, while buying rotated to select old economy stocks, giving support to the main board, the dealers said.
The Taiex, the weighted index on the Taiwan Stock Exchange, ended up 48.02 points, or 0.29 percent, at 16,643.69, after moving between 16,523.23 and 16,706.29. Turnover totaled NT$425.76 billion (US$15.32 billion).
The market opened up 0.30 percent as the bellwether electronics sector continued from Tuesday s momentum to move higher, but with the Taiex breaching the 16,700-point mark at one point, selling followed to erode the earlier gains, the dealers said.
Taiwan shares rally on strong tech gains
05/25/2021 05:42 PM
CNA file photo
Taipei, May 25 (CNA) Shares in Taiwan moved sharply higher Tuesday as the bellwether electronics sector steamed ahead, led by large cap semiconductor stocks, in the wake of a rally by their counterparts on the American markets overnight, dealers said.
Buying also rotated to the petrochemical sector, giving additional support to the broader market, while shipping stocks pulled back from their recent strong upturn throughout the session, dealers said.
The Taiex, the weighted index on the Taiwan Stock Exchange (TWSE), ended up 257.38 points, or 1.58 percent, at 16,595.67, after moving between 16,444.75 and 16,657.60. Turnover totaled NT$527.34 billion (US$18.91 billion).
Taiwan shares end up after recouping earlier losses on COVID
05/24/2021 06:10 PM
CNA file photo
Taipei, May 24 (CNA) Shares in Taiwan closed slightly higher Monday after recovering losses caused by fears over an escalation of domestically transmitted COVID-19 cases reported over the weekend, dealers said.
Buying in select old economy stocks, in particular in the shipping and textile sectors, continued on the back of growing global demand, while the bellwether electronics sector climbed out of its earlier weakness, giving additional support to the broader market, the dealers said.
The Taiex, the weighted index on the Taiwan Stock Exchange (TWSE), ended up 36.23 points, or 0.22 percent, at 16,338.29, after moving between 16,136.97 and 16,397.59. Turnover totaled NT$422.97 billion (US$15.16 billion).
TAIEX rises despite local outbreak as shares of container shippers climb
SURGE: Transactions in the shipping sub-index made up 37 percent of all transactions, which an investor said indicated a shaky structure of market participants
By Kao Shih-ching / Staff reporter
The TAIEX yesterday gained 0.22 percent to 16,338.29 points, despite rising numbers of locally transmitted COVID-19 cases in the nation over the weekend.
“The surging cases weighed on the stock market, but it was offset by investors’ passion for container shipping stocks, given strong freight rates and local shippers’ rosy profits last quarter,” Hua Nan Securities Investment Management Co (華南投顧) chairman David Chu (儲祥生) said by telephone.