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Taiwan Stocks: Ambassador Hotel, Lite-on Technology, Qisda

Jan. 10 (Bloomberg) -- Shares of the following companies had unusual moves in Taiwan trading. Stock symbols are in parentheses and prices are as of the close in Taipei.

The Taiex Index rose 1.2 percent to 7,178.87, the highest close since Nov. 18.

Ambassador Hotel Ltd. (2704 TT) increased 1.7 percent to NT$30.85. the most since Dec. 23. The company said December sales rose 9.5 percent from a year earlier to NT$259.40 million ($8.6 million), according to a statement to the Taiwan Stock Exchange.

Lite-On Technology Corp. (2301 TT) gained 2.8 percent to NT$37.40. The company was raised to “buy” from “neutral” by Cindy Hsiao, an analyst at Jih Sun Securities Co.

Qisda Corp. (2352 TT) gained 4.4 percent to NT$6.66, the highest close since Dec. 5. The electronics maker’s December sales climbed 16 percent from a year earlier to NT$6.93 billion, according to a statement to Taiwan’s exchange.

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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