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• | Taiwan Market Afternoon Commentary, SEP 7, 2010 |  |
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• | Taiwan Market Daily, September 7, 2010 (pre-market) | |
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• | Taiwan Market Afternoon Commentary, SEP 6, 2010 | |
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• | Taiwan Market Daily, September 6, 2010 (pre-market) | |
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• | Taiwan Market Afternoon Commentary: SEP 3, 2010 | |
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• | Taiwan Market Daily, September 3, 2010 (pre-market) | |
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• | Taiwan Market Afternoon Commentary, SEP 2, 2010 | |
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• | Taiwan Market Daily, September 2, 2010 (pre-market) | |
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• | Taiwan Market Afternoon Commentary, SEP 1, 2010 | |
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• | Taiwan Market Daily, September 1, 2010 (pre-market) | |
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| Title: | Taiwan Market Afternoon Commentary, JUL 27, 2010 |
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| Download File: | Taiwan Market Afternoon Commentary 100727--sinopac.pdf  |
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| Summary: | TAIEX Opens at Day¡¦s High, Closes at Day¡¦s Low
TAIEX -0.51% to 7748.01 on NT$98.36bn (US$3.07bn)
Tech -0.03% on 65% of trading; Financials -1.03% on 5%
Gretai -0.28% to 138.56 on NT$21.90bn (US$0.68bn)
FINI net bought NT$6.49bn
Domestic investment trusts net sold NT$0.84bn
Domestic proprietary traders net bought NT$0.11bn
Taiwan Market Afternoon Commentary, July 27, 2010
Driven back by determined selling pressure above 7800, TAIEX eased 0.51% to 7748.01 amid mostly similar declines across the region (Shanghai -0.51%, Korea -0.04%, Japan -0.07%, Hong Kong +0.75%--as of 4:00 PM). Trading value slipped nearly 5% to NT$97.91bn. Declines were broad based as Food (flat) was the only major sector to close without a loss. Petrochem (-1.79%) took another beating as all FPG members closed in negative territory after media reported a potential NT$5bn impact on Formosa Petrochemical (6505 TT, NT$74.60, -1.84%)(FPC)¡¦s 3Q10 bottom line from a refinery fire. Financials (-1.03%) fell more than 1% but accounted for a relatively small 5% of overall trading value. Tech (-0.03%, 65% of trading) held firm as Tech blue-chips Hon Hai (2317 TT, NT$130, +0.78%), ASE (2311 TT, NT$25.60, +3.43%), Compal (2324 TT, NT$41.50, +1.97%) and Mediatek (2454 TT, NT$483, +0.63%) provided a backstop. While Memory (-1.67%) shares were less fortunate as Nanya Tech (2408 TT, NT$22.35%, -6.09%) and Powerchip (5346 TT, NT$4.31, -2.05% beat a hasty retreat. Nanya fell to a new 2010 low after the Taiwanese government said it would need more information from Nanya before it could sign off on Nanya's planned share sale. Investors also fled Powerchip after regulators nixed the company's planned GDR issuance owing to the firm's high debt ratio. Decliners outpaced advancers roughly 1.59 to 1 while TWD appreciated to NT$32.02 against the USD during midday trading.
[see pdf for full Afternoon Commentary] |
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| Date: | 2010/07/27 |
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| Author: | George Hung |
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Market Commentary