Story
Taiwan Weighted Index Gains 1.01% as Energy and Chemical Stocks Lead
Summary
Taiwan's main stock index closed higher on Thursday, lifted by broad-based gains in the energy, plastics, and chemical sectors. The Taiwan Weighted index advanced 1.01% as the number of rising stocks significantly outpaced decliners.
Taiwan's stock market finished in positive territory on Thursday, with the benchmark Taiwan Weighted index climbing 1.01% at the close. The gains were driven by strong performance in the Oil, Gas & Electricity, Plastic, and Chemical sectors, according to market data.
Market Internals
Market breadth was positive, indicating widespread buying sentiment. On the Taiwan Stock Exchange, 775 stocks advanced while 257 declined, and 84 issues ended the session unchanged.
The rally saw several companies reach significant milestones. Shares in CviLux Corp (TW:8103) rose to an all-time high, gaining 10.00% to close at 132.00. Conversely, Falcon Power Co Ltd (TW:1516) fell to a 5-year low, declining 7.93% to 13.35.
Top Movers
A number of stocks posted significant price changes during the session. The top-performing stocks on the Taiwan Weighted included:
Ad- Advanced Optoelectronic Technology Inc (TW:3437), which rose 10.00% to 20.35.
- Cheng Mei Materials Technology Corp (TW:4960), which added 10.00% to end at 22.00.
- CviLux Corp (TW:8103), which also gained 10.00% to finish at 132.00.
Among the session's biggest decliners were ITEQ Corp (TW:6213), which fell 10.00% to 495.00, and Elite Material Co Ltd (TW:2383), which was down 7.67% to 4,695.00.
Currency and Commodity Markets
In currency markets, the Taiwan dollar showed slight strength against the U.S. dollar, with the USD/TWD pair falling 0.11% to 31.87. In commodities, crude oil futures for October delivery were down 1.01% to $101.40 a barrel, while December Gold Futures fell 1.02% to trade at $4,342.75 a troy ounce.
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