Reported 8 months ago
Panel stocks including Group (3481) surged to the limit up with a record of 580,000 stocks today amid news of Group closing a factory and potentially selling it to Micron. The company responded that they do not comment on rumors or speculations and focus on their business transformation and development. The surge is attributed to positive structural changes in supply and demand, anticipation of a strong industry season in the third quarter, and the Olympics theme boosting prices later this year. Analysts caution short-term investors to be aware of structural issues in the stock market.
Source: YAHOO