The TAIEX fell for the first day in three yesterday, led by China Development Financial Holding Corp (
The TAIEX shed 13.32, or 0.3 percent, to 5,377.19. About four stocks declined for every three that gained. August futures on the benchmark fell 0.4 percent to 5,370.
About 3.3 billion shares changed hands, 25 percent below the average trading in the past three months. The value of trading was NT$75.4 billion (US$2.2 billion), 19 percent below the three-month daily average.
Shares moved in a narrow range in a sign that investors have chosen to await corporate second-quarter results and July sales figures due out soon to make investment decisions going forward, they said.
"There were no major negative leads to drag the local bourse much, despite some profit-taking pressure ... fundamental factors were largely intact," Fuhwa Securities assistant vice president Samson Chueh said.
"Investors would like to know more about corporate earnings in the second quarter and July sales before making decisive moves."
China Development, the nation's fourth-largest financial services company, dropped NT$0.30, or 2.4 percent, to NT$12.10. The company said after the market closed on Friday that it will set aside NT$16.9 billion against bad loans. In January, the company said it would make a pretax profit of NT$10.08 billion this year.
China Steel Corp (
Its sales last month rose to NT$11.4 billion from NT$8.9 billion. Sales increased from NT$10.6 billion in June.
Via Technologies Inc (
Via on Friday said sales last month rose 45 percent from the previous month. They fell 9 percent from a year earlier.
Winbond Electronics Corp (
Winbond on Friday report a second-quarter loss, its fifth straight quarterly deficit, as prices of its main products remained unprofitable.
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