Title Taiwan Market Afternoon Commentary, SEP 7, 2010
  Taiwan Market Daily, September 7, 2010 (pre-market)
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Title:Taiwan Market Afternoon Commentary, JUL 26, 2010
Download File:Taiwan Market Afternoon Commentary 100726--sinopac.pdf 
 
Summary:TAIEX Achieves 2-Month Intraday High

TAIEX +0.34% to 7787.45 on NT$102.76bn (US$3.20bn)
Tech +0.59% on 62% of trading; Financials +0.25% on 6%
Gretai -0.30% to 138.95 on NT$24.38bn (US$0.76bn)

FINI net bought NT$9.30bn
Domestic investment trusts net bought NT$0.45bn
Domestic proprietary traders net bought NT$0.76bn

Taiwan Market Afternoon Commentary, July 26, 2010

TAIEX added to Fridayˇ¦s gains on continued strength from Wall Street and regionally on more optimism about the global economic recovery after most European banks passed the much publicized stress tests. Gains were broad based as 6 out of the 8 major industrial sectors ended the day in positive territory with Cement (+1.68%) topping gains as the sector, along with Steel (+0.21%), is expected to gain from Chinese flood reconstruction related demand. Tech gains (+0.59%) were lifted by bellwethers: Hon Hai (2317 TT, NT$129, +3.20%), Mediatek (2454 TT, NT$480, +2.13%), and HTC (2498 TT, NT$570, +3.45%) ahead of its press conference in Beijing tomorrow where it will formally introduce its brand to the Chinese market and announce its alliance with the 3 biggest telecommunication providers in the country. LCD maker Amtran (2489 TT, NT$31.35, +7%) was a noteworthy gainer after it signed a MOU with LG Display to expand their cooperation to high-end LED monitor manufacturing. NB ODM was mixed as Compal (2324 TT, NT$40.70, +1.50%) gained on reports that it will become Acer (2353 TT, NT$82.40, +0.12%)ˇ¦s biggest ODM partner while Wistron (3231 TT, NT$55.90, -1.93%) lost ground after it announced that it will hire 1,000 new employees to boost its strength in R&D. Volume of NT$102.281bn declined from Fridayˇ¦s NT$122.796bn level while the TWD remained relatively stable at NT$32.093.

[see pdf for full Afternoon Commentary]
  
Date:2010/07/26
Author:Marcos Torres
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