Cooling Sector Stocks Hit All-time Highs But Top Three Institutional Investors Lead Price Plunge Pushing Them into Weak Stocks for Seven Days in a Row

Reported 11 months ago

FTNN News Network, June 10, 2024, 8:30 PM: Last Friday, the Taiwan stock market index closed down 44.32 points at 21858.38, a decrease of 0.2%. Despite the cooling sector concept stocks, Shuanghong (3324) and Qihong (3017), reaching record highs at 955 yuan and over 800 yuan respectively, they were aggressively sold off by the top three institutional investors last Friday, plunging 8.05% and ranking first and third respectively among weak stocks, each falling for seven consecutive days. Shuanghong (3324) had the most significant drop, closing at 731 yuan with a trading volume of 12,111 shares, leading the weak stocks. Seven stocks saw over 5 continuous days of decline with significant trading volumes over 2000 shares, where Shuanghong (3324) maintained its position as the weakest stock.

Source: YAHOO

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