Reported about 1 year ago
Taiwan Semiconductor reached a historical high with its stock price soaring to 981 Taiwan dollars on June 19th, leading the Taiwan Stock Market Weighted Index to a new high of 23209 points. Despite the high stock price, the company continued to repurchase its own stocks, buying back 296 shares on that day, totaling to 1184 shares repurchased at a value of 11.1 billion Taiwan dollars. This move aims to offset dilution effects from employee stock option grants. The overall market saw an increase with electronic stocks rising by 2.8%, financial stocks by 0.5%, while the OTC index fell by 0.14%.
Source: YAHOO