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Taipei shares close down 0.24%

Taipei shares close down 0.24%

Taiwan share prices closed down 0.24 percent yesterday, reversing earlier gains on selling pressure tracking January futures, dealers said.
The weighted index fell 10.89 points to 4,521.47 on turnover of NT$60.76 billion (US$1.84 billion).
Gainers led losers by 828 to 651 with 278 stocks unchanged.
A total of 13 shares closed limit-up seven percent, against 15 that were limit-down.
Financials were up 0.93 percent, construction 1.2 percent higher and cement gained 1.7 percent while electronics shed 0.48 percent and plastics fell 1.1 percent.
Mega International Investment Service trader Stanley Chou said local shares closed down on "selling pressure tracking the January futures," which is typically a key indicator for the spot market.
Huaku Development rose 3.3 percent to NT$38.05 while Taiwan Cement added 4.32 percent to NT$25.35 over the government's planned NT$500 billion infrastructure projects.
Taishin Financial added 6.8 percent to NT$5.47 on bargain hunting despite Moody downgrading its issuer rating, while Cathay Financial was up 0.14 percent at NT$35.05.


Updated : 2021-01-18 06:45 GMT+08:00