Taipei-Adjustments to the FTSE TWSE Taiwan Mid-Cap 100 Index, jointly compiled and managed by the Taiwan Stock Exchange (TWSE) and global index provider FTSE International Ltd. is scheduled to go into effect Dec. 23, according the TWSE.
After a quarterly index review, the TWSE said, five stocks have been added to the Taiwan Mid-Cap 100 Index, which comprises stocks of the country's 100 biggest companies after the top 50 stocks in the FTSE TWSE in terms of market capitalization.
The Taiwan 50 Index is led by contract chipmaker Taiwan Semiconductor Manufacturing Co. at the top of the index.
The Taiwan 50 Index is the one that is the most closely watched by foreign institutional investors when they map out their investment strategies for the local equity market.
The five stocks added to the Taiwan Mid-Cap 100 Index are LED lighting maker Epistar Corp., LCD control panel supplier Taiwan Surface Mounting Technology Corp., Nan Ya Printed Circuit Board Corp., connector supplier Lotes Co. and semiconductor manufacturer United Integrated Services Co., the TWSE said
Meanwhile, the TWSE has removed five others from the Taiwan Mid-Cap 100 Index: integrated circuit packaging and testing service provider Greatek Electronics Inc., elevator brand Yungtay Engineering Co., property developer Chong Hong Construction Co., Gourmet Master Co., which owns the 85? Bakery Cafe chain, and China Motor Corp., which is the local sales agent for Japan's Mitsubishi Motors Corp.
While the latest index review did not add or delete any stock from the Taiwan 50 Index, the TWSE said the review produced a waiting list for the index of five stocks -- IC designer Novatek Microelectronics Corp., PCB maker Zhen Ding Technology Holding Ltd., IC designer Realtek Semiconductor Corp., Eclat Textile Co. and server supplier Wiwynn Corp.
Source: Focus Taiwan News Channel