U.S. Reports Boost Shares
April 26, 2011
The weighted-stock index advanced 48.77 to 6373.93. Decliners led gainers 169 to 159, with 96 issues ending unchanged. Heavily-weighted financial stocks rose 1.9% in response to local reports that Morgan Stanleywill launch $30 million warrants comprised mainly of Taiwan's big banks. Volume was moderate at 987 million shares valued at 33.25 billion Taiwan dollars. The market's main index opened slightly lower and fell to an intraday low of 6313.90 before climbing to end at the day's high on reports about the warrants. The steel subindex edged up 1.4%, textiles rose 0.4%, electronics inched up 0.1% and shipping lost 0.1%.
