Taiwan Stocks: Oriental Union, Taiwan Fertilizer, Uni-President
Shares of the following companies had unusual (TWSE) moves in Taiwan trading. Stock symbols are in parentheses and prices are as of the close in Taipei.
The Taiex Index fell 1.2 percent to 6,904.12, the biggest loss since Nov. 23. The gauge slumped 9 percent in November, the most in three months.
Oriental Union Chemical Corp. (1710) (1710 TT) sank 4.7 percent to NT$37.20, the steepest decline since Nov. 21. The company was cut to “neutral” from “buy on weakness” at Mega Securities Co. by equity analyst Shu-You Lin.
Taiwan Fertilizer Co. (1722) (1722 TT) dropped 4.2 percent to NT$70.30, halting a two-day gain. The company was cut to “hold” from “buy” by Andre Chang, an analyst at Royal Bank of Scotland Group Plc.
Uni-President Enterprises Corp. (1216) (1216 TT) advanced 0.6 percent to NT$41.20, the highest close since Nov. 7. The company was rated “overweight” in new coverage by Abel Lee, an analyst at HSBC Holdings Plc.
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