Title Taiwan Market Daily, September 7, 2010 (pre-market)
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Title:Taiwan Market Afternoon Commentary, JUL 28, 2010
Download File:Taiwan Market Afternoon Commentary 100728--sinopac.pdf 
 
Summary:TAIEX Recovers from Low Open, +0.47% to 7,784.81

TAIEX +0.47% to 7784.81 on NT$109.46bn (US$3.42bn)
Tech +0.03% on 59% of trading; Financials +1.07% on 7%
Gretai +0.72% to 139.56 on NT$24.48bn (US$0.76bn)

FINI net bought NT$0.24bn
Domestic investment trusts net sold NT$0.67bn
Domestic proprietary traders net sold NT$0.08bn

Taiwan Market Afternoon Commentary, July 28, 2010

TAIEX gained along with regional peers as the Peopleˇ¦s Bank of China stated on its website that it is optimistic about the economy. Gains were broad based as all of the 8 major industrial sectors closed in positive territory. Traditional sectors outperformed with Construction (+2.49%) leading the way after the Taipei City government passed an urban renewal special project. Tech (+0.03%) was weighed by Mediatek (2454 TT, NT$442, -3.07%) despite announcing that it has entered into a licensing agreement with NTT DOCOMO, INC. regarding LTE-PF technology. Tech gainers included Macronix (2337 TT, NT$21.70, +3.33%) after delivering better than expected 2Q results, HTC (2498 TT, NT$533, +2.70%) after it announced the launch of four new smartphones during its HTC brand campaign in Beijing, and Pegatron (4938 TT, NT$36.60, +3.98%) after it reportedly persuaded Sony into considering outsourcing a small portion of its 2011 NB for testing. Volume came back once again above the NT$100bn mark after yesterdayˇ¦s dip. The TWD appreciated to NT$32.016 against the USD during midday trading.

[see pdf for full Afternoon Commentary]
  
Date:2010/07/28
Author:Marcos Torres
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