Taipei--Shares in Taiwan closed slightly higher on Monday with small fluctuations during the session.
The weighted index on the Taiwan Stock Exchange (TAIEX) closed up 9.17 points, or 0.09 percent, at 9,882.54, after moving between 9,859.03, and 9,898.64 on turnover of NT$85.26 billion (US$2.78 billion).
Bellwether stocks moved within a small range. Although shares in smartphone camera lens supplier Largan Precision Co. (???), the most expensive shares of the market fell, the financial sector played a leading role in supporting trading during the session, dealers said.
Trading among large-cap electronics shares was mixed, with Largan Precision falling 1.81 percent to close at NT$4,615 per share.
Shares in Hon Hai Precision Industry Co. (??), the world's largest contract electronics maker and assembler of iPhones and iPads, rose 0.42 percent to close at NT$96.5, while contract chip maker Taiwan Semiconductor Manufacturing Co. (???), the most heavily weighted stock on Taiwan's market, shed 0.52 percent to end the day at NT$190.
Integrated circuit designer MediaTek Inc. (???) grew 0.23 percent to end at NT$217, while integrated circuit packaging and testing services firm Advanced Semiconductor Engineering Inc. (???) rose 0.6 percent to close at NT38.95.
The financial sector was relatively steady. Shares in Cathay Financial Holding Co. (???) closed 1.1 percent higher to finish at NT$48.75, while Fubon Financial Holding Co. (???) rose 0.4 percent to close at NT$48.35, and CTBC Financial Holding Co. (???) ended the day unchanged at NT18.6.
Taishin Taiwan Small and Medium Cap Fund manager Wang Zhong-liang (???) said he expects a bumpy ride on the TAIEX before foreign investors begin to sell stocks. He advised investors to pay close attention to the appreciation of the Taiwan dollar, which could lead to currency exchange losses.
Source: Focus Taiwan News Channel