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Taiwan stocks higher at close of trade; Taiwan Weighted up 0.08%

Published 10/28/2016, 02:45 AM
Updated 10/28/2016, 02:55 AM
© Reuters.  Taiwan stocks higher at close of trade; Taiwan Weighted up 0.08%

Investing.com – Taiwan stocks were higher after the close on Friday, as gains in the Rubber, Plastic and Cement sectors led shares higher.

At the close in Taiwan, the Taiwan Weighted added 0.08%.

The best performers of the session on the Taiwan Weighted were Action Eltr (TW:3024), which rose 9.87% or 0.660 points to trade at 7.350 at the close. Meanwhile, Powertech (TW:3296) added 9.66% or 1.15 points to end at 13.05 and Hiyes International Co Ltd (TW:2348) was up 6.63% or 1.30 points to 20.90 in late trade.

The worst performers of the session were Shin Zu Shing (TW:3376), which fell 6.02% or 6.50 points to trade at 101.50 at the close. Epileds Tech (TW:4956) declined 5.69% or 1.40 points to end at 23.20 and Crowell (TW:2528) was down 4.94% or 0.34 points to 6.54.

Falling stocks outnumbered advancing ones on the Taiwan Stock Exchange by 504 to 237 and 124 ended unchanged.

Shares in Action Eltr (TW:3024) rose to 3-years highs; gaining 9.87% or 0.660 to 7.350.

Crude oil for December delivery was down 0.16% or 0.08 to $49.64 a barrel. Elsewhere in commodities trading, Brent oil for delivery in December fell 0.12% or 0.06 to hit $50.41 a barrel, while the December Gold contract rose 0.01% or 0.15 to trade at $1269.65 a troy ounce.

USD/TWD was up 0.09% to 31.660, while TWD/CNY rose 0.05% to 0.2137.

The US Dollar Index was down 0.06% at 98.86.

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