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Taiwan Stocks: Everlight Electronics, Formosa Epitaxy, Largan

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April 18 (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 benchmark Taiex Index rose 0.3 percent to 7,605.

Everlight Electronics Co. (2393 TT) increased 2.7 percent to NT$63.90. Formosa Epitaxy Inc. (3061 TT) climbed 2.2 percent to NT$25.85. Demand for light-emitting diodes surged after Taiwan raised electricity prices for the first time in more than three years, the Economic Daily News reported, without saying where it got the information.

Largan Precision Co. (3008 TT) advanced 2 percent to NT$560. The lens company was raised to neutral from sell at UBS AG, with a price target of NT$560. This means investors should hold the same proportion of the stock that is represented in benchmark indexes.

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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