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Updated Saturday, October 31, 2009 1:11 pm TWN, CNA

Share prices close lower on local bourse

TAIPEI, Taiwan -- Taiwan's share prices opened higher but closed lower yesterday, with the weighted index, the market's key barometer, dropping 15.61 points, or 0.21 percent, to close at 7,340.08.

The local bourse opened at 7,428.72 and fluctuated between 7,433.21 and 7,340.08 during the day's trading session.

A total of 3.62 billion shares changed hands on market turnover of NT$101.32 billion.

Five of the eight major stock categories lost ground, with construction issues moving down the most at 2.22 percent. Losers outnumbered gainers 1,351 to 1,225, with 253 stocks remaining unchanged. Foreign institutional investors were net sellers of NT$5.54 billion-worth of shares.

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