June 15 (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 1.1 percent to 7,155.83, the highest close since May 31. The gauge gained 2.2 percent this week, the biggest increase in six weeks.
Handset makers: Arima Communications Corp. (8101 TT), retreated 0.9 percent to NT$17.35. Compal Communications Inc. (8078 TT) dropped 3.3 percent to NT$37, the steepest drop since June 4. Handset shipments may remain weak in the second quarter, JPMorgan Chase & Co. wrote in a report.
Flat panel makers: AU Optronics Corp. (2409 TT), rose 0.8 percent to NT$11.95. Chimei Innolux Corp. (3481 TT) advanced 0.4 percent to NT$11.95, the highest close since June 1. Panel prices may rise following earthquakes in Taiwan, according to a Citigroup Inc. report.
Separately, AU Optronics said its Lungtan plants should fully recover its production capacity in three to five days. The company expects no major financial impact as their plants are insured, it said in a statement to the Taiwan bourse.
Catcher Technology Co. (2474 TT), a casing maker, rose 2.4 percent to NT$193, the biggest advance since June 6. The company may see “robust” second-half revenue as it supplies to Apple Inc.’s MacBook, Daniel Chang and Judy Lin, Macquarie Group Ltd. analysts, wrote in a note to investors.
Chunghwa Picture Tubes Ltd. (2475 TT) surged by the 6.9 percent daily limit to NT$1.09, the biggest advance since Feb. 13. The panel maker and Integrated Digital Technologies Inc. will make 21.5 inch in-cell panels from the third quarter and plan further cooperation on in-cell flat-panel touch technology, the companies said in a statement.
Phison Electronics Corp. (8299 TT), an integrated circuit maker, jumped 6.7 percent to NT$238. The company was raised to outperform from neutral by KGI Securities Co. analyst Ben Yeh, who expects a “strong performance” for the company in the second half. Yu Zhi-Chyang, Phison spokesman, wasn’t immediately available for comment at his office.
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