Taiwan shares end down on tech losses
05/10/2021 06:15 PM
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Taipei, May 10 (CNA) Shares in Taiwan closed lower Monday as investors rushed to lock in gains built up in the electronics sector, particularly semiconductor stocks, a session earlier, dealers said.
Buying rotated to non-tech stocks in the raw material industry amid optimism toward a global recovery in demand, and the financial sector also attracted bargain hunting, which prevented the broader market from falling further, the dealers added.
The Taiex, the weighted index on the Taiwan Stock Exchange (TWSE), ended down 49.39 points, or 0.29 percent, at 17,235.61, after moving between 17,188.15 and 17,304.47. Turnover totaled NT$490.215 billion (US$17.51 billion).
Taiwan’s Evergreen Marine posts better than expected earnings in Q1
At a time when freight rates have been on the rise due to strong demand and a supply shortage, Evergreen Marine Corp., the largest container cargo shipping company in Taiwan, reported better than expected earnings for the first quarter of this year.
In a statement, Evergreen said on Friday that it posted NT$36.08 billion (US$1.29 billion) in net profit or NT$7.04 per share in the January-March period, beating an earlier market estimate of about NT$5 in earnings per share (EPS).
The first quarter EPS represented a significant improvement from the NT$0.09 in loss per share over the same period of last year, according to data compiled by the Taiwan Stock Exchange (TWSE), where Evergreen Marine’s shares are traded.
Evergreen reports EPS of NT$7.04, beats forecasts
Staff writer, with CNA
Evergreen Marine Corp (長榮海運), the largest container cargo shipping company in Taiwan, reported better-than-expected earnings for the first quarter amid an increase in freight rates due to substantial demand and a supply shortage.
Evergreen in a statement on Friday reported NT$36.08 billion (US$1.29 billion) in net profit for the January-to-March period, or earnings per share (EPS) of NT$7.04, beating a market estimate of about NT$5.
Its first-quarter EPS were a significant improvement from its losses per share of NT$0.09 over the same period last year, data compiled by the Taiwan Stock Exchange showed.
Taiwan s Evergreen Marine posts better than expected earnings in Q1
05/08/2021 03:06 PM
CNA file photo
Taipei, May 8 (CNA) At a time when freight rates have been on the rise due to strong demand and a supply shortage, Evergreen Marine Corp., the largest container cargo shipping company in Taiwan, reported better than expected earnings for the first quarter of this year.
In a statement, Evergreen said on Friday that it posted NT$36.08 billion (US$1.29 billion) in net profit or NT$7.04 per share in the January-March period, beating an earlier market estimate of about NT$5 in earnings per share (EPS).
The first quarter EPS represented a significant improvement from the NT$0.09 in loss per share over the same period of last year, according to data compiled by the Taiwan Stock Exchange (TWSE), where Evergreen Marine s shares are traded.
Taiwan shares rebound, end above 17,200 points
05/07/2021 04:53 PM
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Taipei, May 7 (CNA) Shares in Taiwan continued their momentum from a session earlier to move sharply higher, pushing up the benchmark index on the main board to top the 17,200-point mark, as investors were encouraged by a rally on U.S. markets overnight, dealers said.
The bellwether electronics sector led the upturn in the wake of strong bargain hunting taking advantage of a correction suffered by large tech stocks in the week s previous sessions, while large cap old economy stocks appeared mixed, as market attention focused on their tech counterparts, the dealers said.