AGL 37.89 Decreased By ▼ -1.69 (-4.27%)
AIRLINK 126.00 Decreased By ▼ -5.22 (-3.98%)
BOP 6.83 Increased By ▲ 0.02 (0.29%)
CNERGY 4.45 Decreased By ▼ -0.26 (-5.52%)
DCL 7.89 Decreased By ▼ -0.55 (-6.52%)
DFML 37.32 Decreased By ▼ -4.15 (-10.01%)
DGKC 77.50 Decreased By ▼ -4.59 (-5.59%)
FCCL 30.60 Decreased By ▼ -2.50 (-7.55%)
FFBL 69.02 Decreased By ▼ -3.85 (-5.28%)
FFL 11.89 Decreased By ▼ -0.37 (-3.02%)
HUBC 105.50 Decreased By ▼ -5.24 (-4.73%)
HUMNL 13.50 Decreased By ▼ -1.01 (-6.96%)
KEL 4.67 Decreased By ▼ -0.52 (-10.02%)
KOSM 7.28 Decreased By ▼ -0.33 (-4.34%)
MLCF 36.60 Decreased By ▼ -2.30 (-5.91%)
NBP 65.30 Increased By ▲ 1.29 (2.02%)
OGDC 181.00 Decreased By ▼ -11.82 (-6.13%)
PAEL 24.58 Decreased By ▼ -1.10 (-4.28%)
PIBTL 7.15 Decreased By ▼ -0.19 (-2.59%)
PPL 144.00 Decreased By ▼ -10.07 (-6.54%)
PRL 24.40 Decreased By ▼ -1.43 (-5.54%)
PTC 16.40 Decreased By ▼ -1.41 (-7.92%)
SEARL 78.61 Decreased By ▼ -3.69 (-4.48%)
TELE 7.20 Decreased By ▼ -0.56 (-7.22%)
TOMCL 32.01 Decreased By ▼ -1.45 (-4.33%)
TPLP 8.15 Decreased By ▼ -0.34 (-4%)
TREET 16.10 Decreased By ▼ -0.52 (-3.13%)
TRG 54.89 Decreased By ▼ -2.51 (-4.37%)
UNITY 27.50 Decreased By ▼ -0.01 (-0.04%)
WTL 1.29 Decreased By ▼ -0.08 (-5.84%)
BR100 10,116 Decreased By -388.7 (-3.7%)
BR30 29,567 Decreased By -1659.1 (-5.31%)
KSE100 94,574 Decreased By -3505.6 (-3.57%)
KSE30 29,445 Decreased By -1113.9 (-3.65%)

Taiwan stocks ended flat on Monday, with microchip heavyweight TSMC leading technology shares lower ahead of the busiest week for the release of third-quarter results. After trading in negative territory through most of the session, the main TAIEX share index ticked up 0.01 percent to finish at 7,040.26.
The heavily weighted electronics sub-index was down 0.41 percent while construction stocks rose. "We should hear positive results from heavyweight tech firms this week, but those have been factored in their stock gains," said Victor Liu, an assistant vice president for Prudential Financial, which oversees T$90 billion (US $2.7 billion) in client assets. Taiwan Semiconductor Manufacturing Co Ltd (TSMC), the world's top contract chip maker, sank 0.97 percent ahead of its third-quarter results announcement on Thursday. But the stock had jumped nearly 8 percent in the last two months.
"No substantial gains for the main index are likely in the near term, due to the heavy technical pressure near the 7,000 point level," Liu said. He said Prudential Financial's mutual funds are switching gradually to "China plays" from tech shares.
Although tech shares weakened, the construction sub-index jumped 3.34 percent. Kindom Construction surged the daily 7 percent limit. Shares worth T$71 billion (US $2.1 billion) changed hands, pulling back from a recent high of T$112.2 billion last Monday.
Tech shares traded lower. Chi Mei Optoelectronics, the world's number-four flat panel maker, dropped 3.44 percent. Chi Mei is slated to report quarterly profits at its quarterly investor conference on Thursday. But Acer Inc, the world's number-four PC vendor, rose 0.88 percent despite fears over shortages of parts for computers.
Chinatrust Financial Holding, Taiwan's top credit card issuer, ended 0.4 percent lower on concerns the current probe into Chinatrust would further delay consolidation of the financial industry. Investigators said on the weekend they would ask Chinatrust's vice chairman, Jeffrey Koo Jr., to return to Taiwan this week from overseas, local media reported.

Copyright Reuters, 2006

Comments

Comments are closed.