The benchmark Taiex Index lost less than 0.1 percent to 8,118.34.
Catcher Technology Co. (2474) (2474 TT) gained 3.7 percent to NT$223.50, the highest close since Sept. 13. Citigroup Inc. raised its 2012 earnings estimates for Catcher by 5 percent, on new products that will be rolled out in the second quarter, according to a report today. The bank raised its share-price estimate 34 percent to NT$266 and kept the stock at “buy.”
Powertech Technology Inc. (6239) (6239 TT) slumped 7 percent to NT$62.70, the second day the company sank by its daily limit. The stock was cut to “sell” from “neutral” at SinoPac Securities Corp. The company has NT$4.5 billion in accounts receivable from Japan’s Elpida Memory Inc., which filed for bankruptcy.
Rexchip Electronics Corp. (4932) (4932 TT) rallied 6.7 percent to NT$7.80. Powerchip Technology Corp. (5346) will help Rexchip sell its products, Powerchip Chairman Frank Huang said in a briefing yesterday. Rexchip, a venture of Elpida Memory Inc., which filed for bankruptcy, sank 31 percent yesterday.
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