TAIEX sheds 0.14 percent
Share prices closed slightly lower yesterday, with the TAIEX index falling 11.84 points, or 0.14 percent, to close at 7,978.69.
The local bourse opened at 7,948.89 and fluctuated between 7,985.49 and 7,897.14 during the day’s trading. Market turnover totaled NT$113.47 billion (US$3.61 billion).
Losers outnumbered gainers 1,862 to 1,209, with 308 stocks remaining unchanged.
Foreign investors and Chinese qualified domestic institutional investors were net sellers of NT$2.87 billion worth of shares.
Yahoo-Kimo changes fees
Yahoo-Kimo Inc (雅虎奇摩), one of the nation’s leading auction Web sites, yesterday announced three changes in its fee-charging mechanism in response to members’ requests.
The first change is the exemption of a posting fee for two categories: “sports, outdoors and leisure” and “indoors and home furniture.” However, sellers will still need to pay 3 percent of the transaction fee based on the selling price, Yahoo-Kimo said in a statement.
Second, there will be no posting fee and only a 1.5 percent transaction fee for four categories: “celebrity items and postal coins,” “toys and dolls,” “music and film” and “books and magazines.”
The third change involves seven categories in which sellers have to pay NT$3 per item posted on its auction page as well as a 1.5 percent transaction fee. These categories include: “PC hardware and PDAs,” “cameras and Webcams,” “handsets and communications products,” “home electronics,” “games,” “home theater and MP3 players” and “cars and motorcycles.”
Shining approves dividend
Shining Building Business Co’s (鄉林建設) board approved a proposal to distribute a dividend of NT$1 per share (or 100 shares to every 1,000 shares) to shareholders, the company said in a stock exchange filing yesterday.
The stock dividend proposal is expected to be approved by shareholders at an annual general meeting on June 15, the Taichung-based company said.
The company last year also paid a dividend of NT$1 per share to shareholders.
Nokia shares plunge 13 percent
Nokia, the world’s top mobile phone maker, yesterday reported an unexpectedly small rise in first-quarter profit and cut its full-year forecast, causing shares to plunge more than 13 percent.
Nokia’s January-to-March net profit rose to 349 million euros (US$465.6 million) from 122 million euros a year ago, when it was hit by the global economic downturn.
The figure came in below the median estimate of 388 million euros in a Dow Jones poll of analysts, but was within the range of forecasts.
Nokia lowered its full-year operating margin forecast for the key devices and services unit to 11 to 13 percent from a previous target of 12 to 14 percent, and said the unit’s second-quarter operating margin would be 9 to 12 percent.
HannStar obtains NT$8bn loan
HannStar Display Corp (瀚宇彩晶) obtained a NT$8 billion, four-year loan from a group of 20 banks, including the state-run Bank of Taiwan (臺灣銀行), to repay loans and strengthen working capital, the Taipei-based company said in an exchange filing yesterday.
The company has the right to extend the loan for an additional year, the statement said.
NT dollar closes slightly lower
The New Taiwan dollar lost ground against the US dollar on the Taipei Foreign Exchange yesterday, declining NT$0.010 to close at NT$31.398. Turnover was US$890 million.
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