Fri, Jul 16, 2010 - Page 12 News List

Local securities firms earn profits in first half

STAFF WRITER, WITH CNA

While Taiwan’s benchmark index lost nearly 6 percent in the first half of the year, 70 percent of local securities firms made a combined profit of NT$8.35 billion (US$260 million), according to the Taiwan Stock Exchange yesterday.

In the period, 58 out of a total of 84 local securities firms earned profits, while another 26 suffered losses, the stock exchange said.

TOP PROFIT-MAKER

Yuanta Securities (元大證券) reaped the most, a profit of NT$1.54 billion in the six-month period, followed by KGI Securities (凱基證券) and Polaris ­Securities (寶來證券).

However, last month alone, SinoPac Securities (永豐金證券) was the best performer, making a profit of NT$234 million, followed by KGI Securities and ­Yuanta Securities.

BIGGEST LOSERS

The stock exchange said Oriental Securities (亞東證券) was the biggest loser, with a loss of NT$414 million, followed by Concord Securities (康和證券) and PrimAsia Securities.

Among foreign securities brokerage firms, Credit Suisse earned the highest profit with NT$615 million, followed by CLSA Asia-­Pacific Markets and JP Morgan.

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