China Reaction Boosts Shares
May 05, 2011
The Taiwan Stock Exchange Weighted-Price Index gained 39.40 to 6200.22 on volume of 1.1 billion shares. Advancers led decliners 256 to 85, with 83 issues unchanged. Investors bought financial and petrochemical blue chips, analysts said. First Commercial Bank rose 2 New Taiwan dollars to NT$161, Formosa Plastics added NT$1 to NT$56 and International Commercial Bank of China was up NT$1.50 to NT$81. Of actively traded issues, Ever Fortune Industrial lost 20 New Taiwan cents to NT$40, Barb Mcconnell Construction was unchanged at NT$18 and Prince Housing Development added 20 cents to NT$25.10.
