TAIPEI : Share prices rose narrowly as speculators took advantage of low trading volumes to ramp up small-capital issues, especially in the construction sector.
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Ramon Lucas, a trader for Kim Eng Securities, said foreign brokerage houses were aggressively selling big capital issues, particularly those still near recent highs.
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Tulin said he will be working on " capital issues, " in terms of " ways the holding company can help the subsidiaries ."
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The company said it is planning to raise 750 million Australian dollars ( dlrs 405 million ) with a capital issue aimed mainly at institutional investors.
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The ICRC office in the capital issued a statement distancing itself from the U . S . operation, saying it played no part in it whatsoever.
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However, because the United States entered World War I just 11 days earlier, construction was halted because no capital issues of bonds were permitted during the war.
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The laws and regulations relating to various market activities were scattered around in the Securities Contract and Regulations Act, the Companies Act, and the Capital Issues Control Act.
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The Fleet divestiture, originally planned as a single transaction, has been reorganized as a staggered transfer, easing Sovereign capital issues and making the actual change in operations more managable.
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The Asahi newspaper report prompted brokerage house dealers and individual investors to focus their buying on large-capital issues for quick profit-taking but it had limited impact on the market, brokers said.
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In the meantime, it is well to remember that there are greater opportunities for profit among some of the small capital issues than there will ever be among the corporate dinosaurs.
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