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April 30, 2017

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Lack of Wall Street leads results in slow local trade

TAIPEI -- The local bourse ended in a quiet session yesterday as many investors took to the sidelines in the absence of any leads from Wall Street, which was closed overnight for the Labor Day holiday, dealers said.

The financial sector sustained higher selling during the session as investors locked in the gains they had built recently as a result of a newly inked cross-strait currency clearance agreement, dealers said.

The weighted index closed up 0.82 points, or 0.01 percent, at 7,451.35, after moving between 7,440.03 and 7,479.01. Turnover during the session was NT$71.10 billion.

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