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Taiwan stocks higher at close of trade; Taiwan Weighted up 0.25%

Published 01/24/2017, 01:45 AM
Updated 01/24/2017, 01:45 AM
© Reuters.  Taiwan stocks higher at close of trade; Taiwan Weighted up 0.25%

Investing.com – Taiwan stocks were higher after the close on Tuesday, as gains in the Hotels, Information Services and Optoelectronic sectors led shares higher.

At the close in Taiwan, the Taiwan Weighted added 0.25% to hit a new 52-week high.

The best performers of the session on the Taiwan Weighted were Genesis Photon (TW:3383), which rose 9.89% or 0.28 points to trade at 3.11 at the close. Meanwhile, Tatung Co Ltd (TW:2371) added 9.84% or 1.50 points to end at 16.75 and Ralec Eltr (TW:2437) was up 9.83% or 4.70 points to 52.50 in late trade.

The worst performers of the session were Tonlin Dept (TW:2910), which fell 5.70% or 1.65 points to trade at 27.30 at the close. Kao Hsing Chan (TW:2008) declined 5.17% or 0.60 points to end at 11.00 and Cheer Time (TW:3229) was down 4.29% or 0.45 points to 10.05.

Rising stocks outnumbered declining ones on the Taiwan Stock Exchange by 431 to 333 and 114 ended unchanged.

Shares in Tatung Co Ltd (TW:2371) rose to 3-years highs; up 9.84% or 1.50 to 16.75. Shares in Cheer Time (TW:3229) fell to 3-years lows; losing 4.29% or 0.45 to 10.05.

Crude oil for March delivery was up 0.49% or 0.26 to $53.01 a barrel. Elsewhere in commodities trading, Brent oil for delivery in March rose 0.56% or 0.31 to hit $55.54 a barrel, while the February Gold contract fell 0.09% or 1.05 to trade at $1214.55 a troy ounce.

USD/TWD was down 0.26% to 31.353, while TWD/CNY fell 0.05% to 0.2186.

The US Dollar Index was up 0.21% at 100.16.

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