SECOND and third liners have gained firm support because of strong growth in their corporate earnings.
Union Bank, which posted a profit growth of 38.8 per cent, was one of the day's best performers, rising 8.71 per cent to close 42.5 cents higher at $5.30 on a turnover of $16.24 million.
The mainland-backed bank reported a net profit of $204 million last year and disclosed a much higher transfer to inner reserves. Giordano's share price continued to flare after the clothing retailer announced strong corporate earnings growth on Wednesday.
The counter was among the best performers, gaining 6.45 per cent to close 30 cents higher at $4.95, on a turnover of $28.2 million.
The company reported a better-than-expected 41.9 per cent rise in attributable profits to $195.34 million for the year ended December 31.
The strong performance comes when local retail sales face a slowdown.
However, Kosonic International took a beating because of a disappointing company performance.
