Taiwan Stocks: Lite-on Tech, Power Mate, Solartech Energy

Nov. 2 (Bloomberg) -- Shares of the following companies had unusual moves in Taiwan trading. Stock symbols are in parentheses and prices are of the close in Taipei.

The Taiex Index fell 0.3 percent to 7,598.45.

Power Mate Technology Co. (8109 TT), a maker of direct current converters, retreated 1.7 percent to NT$40.60, the biggest decline since Oct. 18. October sales dropped 31 percent to NT$48 million ($1.6 million) from a year earlier.

Siliconware Precision Industries Co. (2325 TT), a chip packing and testing company, lost 0.8 percent to NT$31 after it was rated “underperform” in new coverage at Jefferies & Co.

Solartech Energy Corp. (3561 TT), which makes solar collectors that convert sunlight to electricity, fell 2.2 percent to NT$28.80. October sales declined 41 percent from a year earlier to NT$776 million.

Taiwan Cement Corp. (1101 TT) decreased 1.8 percent to NT$36.35, the lowest close since Oct. 25, after the island’s largest maker of the building material was cut to “neutral” from “buy” at Jih Sun.

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