• Directory of Taiwan

Share prices drop on local bourse

Share prices drop on local bourse

Taipei, Jan. 29 (CNA) Taiwan's share prices continued their fall Friday after a one-day respite, with the weighted index, the market's key barometer, sliding 54.14 points, or 0.7 percent, to close at 7,640.44.

The local bourse opened at 7,593.38 points and fluctuated between 7,649.73 and 7,481.90.

A total of 3.9 billion shares changed hands on market turnover of NT$117.24 billion (US$3.69 billion).

All eight major stock categories lost ground, with cement shares the biggest losers, falling by 1.2 percent.

Textile issues fell 1.0 percent, plastic and chemical stocks lost 0.9 percent, and electronics and machinery issues and banks and financial stocks both dropped 0.8 percent respectively.

Foodstuff and construction issues both lost 0.7 percent, while paper and pulp stocks lost 0.6 percent.

Losers outnumbered gainers 2,306 to 839, with 149 stocks remaining unchanged.

Foreign institutional investors and China qualified domestic institutional investors were net sellers of NT$10.59 billion in shares.

(By Lilian Wu)

Updated : 2021-07-31 20:07 GMT+08:00