AGL 40.00 No Change ▼ 0.00 (0%)
AIRLINK 129.06 Decreased By ▼ -0.47 (-0.36%)
BOP 6.75 Increased By ▲ 0.07 (1.05%)
CNERGY 4.49 Decreased By ▼ -0.14 (-3.02%)
DCL 8.55 Decreased By ▼ -0.39 (-4.36%)
DFML 40.82 Decreased By ▼ -0.87 (-2.09%)
DGKC 80.96 Decreased By ▼ -2.81 (-3.35%)
FCCL 32.77 No Change ▼ 0.00 (0%)
FFBL 74.43 Decreased By ▼ -1.04 (-1.38%)
FFL 11.74 Increased By ▲ 0.27 (2.35%)
HUBC 109.58 Decreased By ▼ -0.97 (-0.88%)
HUMNL 13.75 Decreased By ▼ -0.81 (-5.56%)
KEL 5.31 Decreased By ▼ -0.08 (-1.48%)
KOSM 7.72 Decreased By ▼ -0.68 (-8.1%)
MLCF 38.60 Decreased By ▼ -1.19 (-2.99%)
NBP 63.51 Increased By ▲ 3.22 (5.34%)
OGDC 194.69 Decreased By ▼ -4.97 (-2.49%)
PAEL 25.71 Decreased By ▼ -0.94 (-3.53%)
PIBTL 7.39 Decreased By ▼ -0.27 (-3.52%)
PPL 155.45 Decreased By ▼ -2.47 (-1.56%)
PRL 25.79 Decreased By ▼ -0.94 (-3.52%)
PTC 17.50 Decreased By ▼ -0.96 (-5.2%)
SEARL 78.65 Decreased By ▼ -3.79 (-4.6%)
TELE 7.86 Decreased By ▼ -0.45 (-5.42%)
TOMCL 33.73 Decreased By ▼ -0.78 (-2.26%)
TPLP 8.40 Decreased By ▼ -0.66 (-7.28%)
TREET 16.27 Decreased By ▼ -1.20 (-6.87%)
TRG 58.22 Decreased By ▼ -3.10 (-5.06%)
UNITY 27.49 Increased By ▲ 0.06 (0.22%)
WTL 1.39 Increased By ▲ 0.01 (0.72%)
BR100 10,445 Increased By 38.5 (0.37%)
BR30 31,189 Decreased By -523.9 (-1.65%)
KSE100 97,798 Increased By 469.8 (0.48%)
KSE30 30,481 Increased By 288.3 (0.95%)

Taiwan stocks ended up 0.48 percent at a 15-month closing high on Thursday, helped by shares like Cathay Financial on a report that Taiwan and China were set to sign a financial supervision agreement in October. The main TAIEX share index finished up 36.12 points to 7,545.29, its highest closing level since June 27, 2008.
Taiwan and China will sign a long-waited agreement allowing tighter ties between their financial institutions, but Taiwan financial regulators declined to comment on the timetable for the financial memorandum of understanding (MOU). "Banking shares were the main booster for Taiwan stocks this morning, but investors took profits after the index came very close to hit a technical ceiling at 7,600," said Tu Jin-lung, the chairman of Grand Cathay Investment Services.
The main index had risen as much as 1.2 percent, or 90.45 points, to 7,599.62 in early trade, which is the highest intraday level this year. Cathay Financial, Taiwan's top listed financial holding firm, was the biggest positive influence on the index as it rose 2.81 percent.
Shin Kong Financial, parent of the island's No 3 insurer, topped the most actively traded list by volume and surged more than 5 percent. The banking and insurance sub-index was up 2.32 percent, hitting its highest close in over a year. Technology shares inched down 0.08 percent as they took a breather after strong gains earlier this week.
Turnover was moderate at T$135 billion ($4.2 billion), slightly more active than Wednesday's T$126 billion. Tu said Taiwan stocks could come under pressure in October as they had risen about 10 percent in September alone and 64 percent in 2009, thanks partly to warmer trade ties with China. Foreign investors bought a net T$142.2 billion worth of Taiwan shares in September, marking their fifth-biggest net monthly purchase ever.

Copyright Reuters, 2009

Comments

Comments are closed.