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Business Quick Take

■ Little movement in stocks
Shares closed little changed yesterday in thin turnover, with most markets overseas closed for Christmas, dealers said.
Year-end window-dressing activity by fund managers helped offset the negative impact from Wall Street's weaker close on Friday.
The TAIEX closed down 5.66 points or 0.07 percent at 7,646.81, on turnover of NT$72.87 billion (US$2.24 billion).
Risers led decliners 669 to 473, with 201 stocks unchanged.

■ Bonds sold for new materials
Chunghwa Picture Tubes Ltd (中華映管), the nation's third-biggest maker of liquid-crystal displays, said it plans to sell as much as US$250 million in bonds that can be converted into the firm's shares.
Proceeds from the bonds, to be sold abroad, will be used to buy materials, the company said in a filing to the Taiwan Stock Exchange yesterday.

■ Money-supply growth slows
Growth in the nation's money supply slowed last month from October because of an increase in personal and corporate savings.
M2, the broadest measure of the money supply, rose 5.97 percent last month from a year ago because of growth in foreign inflows, after gaining 5.95 percent in October, the central bank said.
M1A, which tracks net currency in circulation plus checking accounts and passbook deposits, gained 6.01 percent last month after climbing 6.49 percent in October, the central bank said.
M1B, which excludes time and foreign-currency deposits included in M2, rose 5.81 percent from a year earlier, following a 5.9 percent increase in the previous month.

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