TAIEX edges up
The TAIEX closed slightly higher yesterday after a quiet trading session on thin turnover, with many investors remaining on the sidelines amid lingering concerns over the global economy, dealers said.
Some notebook computer makers faced downward pressure after Hewlett-Packard Co and Dell Inc, two of the leading personal computer vendors, gave cautious assessments of market demand, dealers said. Quanta Computer Inc (廣達) ended down 1.43 percent at NT$76 and Pegatron Corp (和碩) closed 5.24 percent lower at NT$39.75 in reflection of worries about global demand after HP’s and Dell’s cautious market outlook.
The weighted index closed up 8.59 points, or 0.11 percent, at 7,505.17, after moving between 7,475.09 and 7,519.08. Turnover during the session was NT$68.19 billion (US$2.28 billion).
The construction sector scored the highest gains among the eight major sectors of the market, finishing up 1.9 percent as investors were betting that the government would relax its efforts to curb market speculation.
Terry Gou to visit Japan
Hon Hai Group (鴻海集團) chairman Terry Gou (郭台銘) will visit Japan on Monday for industry exchanges, the company said yesterday.
The company said its partnership with Japan-based Sharp Corp remains unchanged, but would not disclose if a joint statement on Hon Hai’s plan to take a stake in the Japanese firm would be released during Gou’s visit. Hon Hai has previously said a statement would be released by the end of this month.
In March, Hon Hai agreed to buy a 9.871 percent stake in loss-incurring Sharp for about US$800 million, or ￥550 per share.
FIH Regent’s earnings drop
FIH Regent Group (晶華國際酒店集團), the nation’s largest listed hotel operator, said on Wednesday its earnings fell 11.73 percent in the first half from a year earlier.
Net income was NT$559.81 million in the first six months of the year, or earnings per share of NT$6.37, the company said in a filing to the Taiwan Stock Exchange.
That was compared with a net income of NT$634.18 billion, or NT$7.22 per share, the company reported for the same period of last year.
Operating income grew 10.42 percent to NT$631.08 million in the first half from NT$571.52 million of the same period last year, while revenue increased 4.34 percent to NT$1.83 billion from NT$1.75 billion a year earlier.
FIH Regent runs the international luxury hotel Regent Taipei (晶華), the lifestyle hotel Silks (晶英) and the business hotel chain Just Sleep (捷絲旅).
Yuanta Futures ranked largest
Yuanta Futures Co (元大期貨) ranked the largest trader among local futures firms last month in terms of trading European futures products, the company said yesterday.
Citing statistics compiled by the Chinese National Futures Association, Yuanta Futures said its trading volume in four major futures exchanges in Europe reached 11,051 contracts last month, accounting for 51.63 percent of the total contracts traded by local futures traders.
KGI Futures Co (凱基期貨) came in second with a trading volume of 3,801, which made up 17.76 percent of the total, ahead of Capital Futures Corp (群益期貨) with 2,648 contracts, which accounted for 12.37 percent of the total, according to the statistics.
NT dollar gains ground
The New Taiwan dollar rose against the US dollar yesterday, gaining NT$0.05 to close at NT$29.960. Turnover totaled about US$501 million during the trading session, down from US$521 million the previous session.