Giant To Make Next Step in Stock Market Listing
TAIPEI, Taiwan – A recent review of the top 50 local listings on the Taiwan Stock Exchange (TWSE) in terms of market capitalization resulted in attractive market position for Giant Manufacturing.
Together with four other companies, Giant Manufacturing Co.Ltd. has been put on the waiting list for the index to the Financial Times Stock Exchange Index (FTSE) TWSE-50.
Market analysts said the change in market cap resulted from in the share prices in recent sessions ahead of the quarterly index review.
The TWSE launched the Taiwan 50 Index in October 2002 alongside FTSE, the global index provider. The index, which has been followed closely by institutional investors to map out investment strategies, includes the top 50 local stocks in terms of market capitalization, such as local heavyweights Taiwan Semiconductor Manufacturing Co. and United Microelectronics Corp.