Bloomberg News

Taiwan Stock Movers: Acer, AU Optronics, First Financial Holding

December 01, 2011

Dec. 1 (Bloomberg) -- Shares of the following companies had unusual moves in Taiwan trading. Stock symbols are in parentheses and prices are at 10:47 a.m. local time in Taipei.

The Taiex Index gained 3.5 percent to 7,147.78, set for the largest advance since May 4, 2009.

Acer Inc. (2353 TT), the world’s fourth-largest computer maker, jumped 5.2 percent to NT$35.25, set for the highest close since Nov. 9. The company will return to profit this quarter as it no longer has the excess inventory problems that led to losses in the previous two periods, President Jim Wong said yesterday.

AU Optronics Corp. (2409 TT) surged 6.8 percent to NT$15, heading for the highest close since Nov. 15. Yawen Hsiao, a spokeswoman for the company, confirmed an Economic Daily News report that cited Chairman K.Y. Lee as saying flat-panel prices increased on a rush of orders following Black Friday holiday sales.

First Financial Holding Co. (2892 TT) advanced 6.4 percent to NT$18.30, set for the biggest advance since Feb. 18. First Securities Inc. plan to sign a cooperation agreement with China’s Century Securities Co. after getting regulatory approval, parent First Financial said in a statement to the Taiwan stock exchange.

--Editor: Matthew Oakley

To contact the reporter on this story: Weiyi Lim in Singapore at wlim26@bloomberg.net

To contact the editor responsible for this story: Darren Boey at dboey@bloomberg.net


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