The TAIEX rose, led by Quanta Computer Inc (
"Quanta's sales will also be quite good in the second quarter, boosted by orders for March and April delivery," said Audrey Chiu, who helps manage the equivalent of US$1.7 billion at Truswell Securities Investment Trust Co (
Eva Airways Corp. (
The benchmark added 16.39, or 0.4 percent, to 4,337.61. It shed as much as 1.1 percent in intra-day trading. Rising and falling shares were about even.
MSCI Taiwan futures for April delivery in Singapore added 0.7 percent to 183.20. The Taiwan Futures Index gained 0.4 percent to 4,301. The value of trade was NT$31 billion (US$892 million), the lowest since October 2001.
Quanta Computer jumped NT$2.50, or 4.1 percent, to NT$63.50.
The company may report sales of NT$55 billion in the first quarter, the newspaper report said. Second quarter sales may rise about 10 percent from the first quarter, it said.
Chiu recommends buying Quanta shares, which may rise to NT$70 in three months, she said.
Eva Airways fell NT$0.25, or 2.4 percent, to NT$10, its lowest since Jan. 14, 2002.
The company said this year's profit will tumble 22 percent from a year ago.
China Airlines (華航) fell NT$0.20, or 1.7 percent, to NT$11.80, its weakest since Oct. 16.
Economic growth may slow because of the spread of severe acute respiratory syndrome, which may cost the tourism industry alone NT$8.5 billion (US$245 million) as people cut back on travel, a Chinese-language newspaper reported, citing estimates from the Council For Planning and Development.
``Industries related to travel may be affected'' by the disease, said Jim Chang (張君銘), who helps manage the equivalent of US$20 million at ABN Amro Asset Management Taiwan Ltd (荷銀光華投顧).
"There's still room for Taiwan's stocks to decline," he said.
China Manmade Fibers Corp. (
China Manmade declined NT$0.70, or 5.1 percent, to NT$13.
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