Taiwan Stocks Close Slightly Higher

Taiwan's share prices finished slightly higher Wednesday with the weighted index moving up 5.36 points to close at 4,247.97, according to media reports reaching here from Taipei.

The local bourse opened lower at 4,164.68 and fluctuated between 4,265.33 and 4,164.19. A total of 2.58 billion shares changed hands on market turnover of 49.02 billion New Taiwan dollars (1.46 billion U.S. dollars).

Four of the eight major stock categories gained ground, with textile stocks moving up the most at 0.9 percent. Paper and pulp issues advanced 0.5 percent, plastics and chemicals shares gained 0.4 percent, and cement stocks rose 0.1 percent.

Two of the eight major stock categories lost ground, with construction issues losing 0.6 percent and foodstuff issues declining 0.5 percent.

Machinery and electronics shares and banking and financial shares both remained unchanged.

Losers outnumbered gainers 908 to 561, with 264 stocks remaining unchanged.

Source: Xinhua