Central Bank Cracking Down on Housing Speculation! Eight Major State-Owned Banks Shift Focus to Construction Stocks, Nationality Buys Over 5,000 Shares, Huge Gain for Big Tung Despite Losing 280 Million

Reported 7 months ago

FTNN News Network, June 14, 2024, 9:00 PM: The Taiwan Stock Exchange saw an increase in the weighted index by 192.68 points on June 14, closing at 22,504.72 with a gain of 0.86%. On the buying side, eight major state-owned banks bought a significant number of shares in construction stocks, with Nationality being the top-purchased stock with over 5,000 shares, signaling a shift towards construction despite recent central bank measures against housing speculation. Big Tung also saw a rise with over 4,000 shares purchased, totaling a gain of 2.82 billion. The market activity suggests a trend towards construction and related stocks amidst regulatory changes.

Source: YAHOO

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