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Taiwan stocks higher at close of trade; Taiwan Weighted up 0.72%

Published 03/17/2017, 02:45 AM
© Reuters.  Taiwan stocks higher at close of trade; Taiwan Weighted up 0.72%
TWII
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TISI
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TGLI
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TPAI
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2707
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3027
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3031
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8150
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8201
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2491
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Investing.com – Taiwan stocks were higher after the close on Friday, as gains in the Glass, Paper & Pulp and Information Services sectors led shares higher.

At the close in Taiwan, the Taiwan Weighted rose 0.72% to hit a new 52-week high.

The best performers of the session on the Taiwan Weighted were Chipmos (TW:8150), which rose 9.96% or 2.45 points to trade at 27.05 at the close. Meanwhile, Bright Led (TW:3031) added 9.93% or 1.50 points to end at 16.60 and Inventec Besta (TW:8201) was up 9.83% or 1.15 points to 12.85 in late trade.

The worst performers of the session were Formosa Hotel (TW:2707), which fell 6.10% or 10.00 points to trade at 154.00 at the close. Infodisc Tech (TW:2491) declined 4.99% or 0.38 points to end at 7.23 and Billion (TW:3027) was down 4.44% or 0.65 points to 14.00.

Rising stocks outnumbered declining ones on the Taiwan Stock Exchange by 576 to 210 and 95 ended unchanged.

Shares in Formosa Hotel (TW:2707) fell to 3-years lows; falling 6.10% or 10.00 to 154.00. Shares in Bright Led (TW:3031) rose to 52-week highs; up 9.93% or 1.50 to 16.60. Shares in Inventec Besta (TW:8201) rose to 52-week highs; gaining 9.83% or 1.15 to 12.85.

Crude oil for April delivery was up 0.23% or 0.11 to $48.86 a barrel. Elsewhere in commodities trading, Brent oil for delivery in May rose 0.08% or 0.04 to hit $51.78 a barrel, while the April Gold Futures contract rose 0.03% or 0.35 to trade at $1227.45 a troy ounce.

USD/TWD was down 0.29% to 30.603, while TWD/CNY rose 0.22% to 0.2269.

The US Dollar Index Futures was down 0.08% at 100.01.

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