Taiwan's share prices surged above 7,800 Monday, with the weighted index, the market's key barometer, increasing 24.06 points, or 0.3 percent, to close at 7,819.13. The local bourse opened at 7,793.14 and hit a low of 7,770.20 before rebounding to the day's high of 7,841.51, which was also the second highest level this year. A total of 4.86 billion shares changed hands on market turnover of NT$127.44 billion (US$ 3.94 billion). Six of the eight major stock categories gained ground, with textile issues moving up the most at 2.7 percent. Foodstuff stocks rose 1.6 percent, cement issues and paper an pulp stocks each gained 0.9 percent, construction issues advanced 0.6 percent, and plastics and chemicals shares rose 0.5 percent. Machinery and electronics shares remained unchanged, while banking and financial shares dropped 0.2 percent. Gainers outnumbered losers 1,394 to 1,239, with 267 stocks remaining unchanged. Foreign institutional investors were net buyers of NT$4.8 billion in shares. 