Financial Stocks Struggle: 'This Stock' Falls 3% Against the Trend, Facing Sell-off from Proprietary Traders; Cathay Financial Holds the Most Shares

Reported 7 months ago

On June 13, 2024, the Taiwan Stock Exchange continued to reach a new closing high with a 1.19% increase. Proprietary traders bought NT$7.359 billion and sold NT$5.573 billion, resulting in a net purchase of NT$1.786 billion. Among the top stocks sold off by proprietary traders, Cathay Financial was in the lead with 815 shares sold. Another financial stock facing a sell-off was Shin Kong Life, ranking fifth with a 3.09% drop in share price. This selling trend also affected other industries, with 4 electronic stocks, 4 financial stocks, and 2 manufacturing stocks among the top ten stocks sold by proprietary traders.

Source: YAHOO

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