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Taiwan shares end higher led by financial stocks

Taiwan shares end higher led by financial stocks

Taipei, April 27 (CNA) Shares in Taiwan closed higher Monday on the back of strong foreign institutional buying that was focused on financial stocks, dealers said. The weighted index on the Taiwan Stock Exchange ended up 59.84 points, or 0.6 percent, at 9,973.12, after moving between 9,937.04 and 10,002.58. Turnover totaled NT$130.16 billion (US$4.25 billion) during the session. It was the first time in 15 years that the index broke the 10,000-point mark. Financial and construction stocks emerged as the best performers Monday, rising by 2.4 percent and 1.25 percent, respectively. Shares of Fubon Financial Holding Co. rose 4.08 percent to end at NT$63.7, while Cathay Financial Holdings Co. finished up 2.42 percent at NT$55. China Development Financial Holding Corp. soared 6.17 percent to NT$12.9, and E. Sun Financial Holding Co. gained 5.34 percent to finish at NT$21.7. Foreign institutional investors bought NT$21.57 billion net worth of shares Monday. (By Han Ting-ting and Y.F. Low)


Updated : 2021-09-18 17:46 GMT+08:00