Taipei shares close off highs as profit-taking halts global market-driven rally |
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Published
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Mon, 27 Aug 2007 07:17
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TAIPEI (XFN-ASIA) - Share prices closed higher but with pared gains as profit-taking put a lid to an early rally spurred by a robust Wall Street peformance before the weekend following stronger-than-expected reading on new US homes sales for July.Easing worries over US subprime mortgage crisis , which supported markets around the world, also encouraged local investors to buy shares or stay close to the market.But the local bourse lost steam in late trade on technical pressure as investors waited for more companies here to disclose their earnings results for the first half.The weighted index closed up 28.22 points or 0.32 pct at 8,718.31, having traded between 8,849.96 and 8,704.59.Turnover was 117.54 bln twd.Decliners outnumbered advancers 922 to 720, with 260 stocks unchanged.(1 usd = 33.00 twd)adela.lin@afxasia.comal/net-xfnal/xfnntCOPYRIGHTCopyright AFX News Limited 2007. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.
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| Stock
Quotes * |
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NASDAQ
|
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2391.28 |
+2.19 (
0.09 %)
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| SYMBOL (
2010-03-18 ) |
| LAST |
CHANGE
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SABMILLER
(
12:35pm )
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1925.00 |
+36.00 (
1.91 %)
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| SYMBOL (
2010-03-18 )
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| LAST |
CHANGE
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IBM
(
4:00pm ) |
|
128.38 |
+0.62 (
0.49 %)
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DUPONT
(
4:01pm ) |
|
37.07 |
+0.58 (
1.54 %)
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| SYMBOL (
2010-03-18 )
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| LAST |
CHANGE
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Taipei shares close weaker as global market concerns outweigh Ma verdict -UPDATE 