UMC (2303)closed @37.10 +0.10 vol 84,876,000 most active
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July 11 net purchase 20,967,000 shares
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TAIWAN WEIGHTED closed @ 4485.68 -147.86 (-3.19% )
Day's Range :4483.09 - 4715.33
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UMC 2303.TW UP ON CHEAP VALUATION**
Two share's which went ex-dividend on Friday, United
Microelectronics (UMC) UMC and Ritek Inc, gained on bargain
hunting in active trade.
United Microelectronics Corp (UMC) 2303.TW UMC, the
world's second largest microchip foundry, rose one percent to
T$37.70 on volume of 64 million shares on the overnight strength
of U.S. semiconductor makers.
Analysts said UMC's sales performance was not expected to
bottom out until the fourth quarter or early next year, but its
price has been comparatively cheap after recent corrections.
UMC issued a bonus issue of 150 shares for every 1,000 shares
held.
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TAIPEI, July 13 (Reuters) - Taiwan stocks gave up early gains
to close more than three percent lower at a seven-year low on
Friday, as jittery investors took profits after Taiwan's top
think tank cut the island's economic growth by more than half |
