Growing Demand for Urban Renewal Requires Strong Electricity Usage! 'This Stock' Surges Nearly 3% and Gains Favor from Proprietary Traders, King Yuan Electronics in the Spotlight

Reported 7 months ago

FTNN News Network on June 13, 2024, reported that the Taiwan stock market surged by 263.08 points, closing at 22312.04 points with a 1.19% increase. Proprietary traders totaled a net buy of 1.786 billion NTD, with only 2 stocks exceeding 1,000 shares bought, notably King Yuan Electronics being the top pick with 1,585 shares purchased. The recent market interest in electricity demand and urban renewal issues has stimulated activity in the heavy electrical equipment and cables sectors, leading to a rise in Zhongxing Electric's stock price, which closed at 180.5 NTD, up 5 NTD or 2.85%. These occurrences have placed it among the top 3 stocks bought by proprietary traders. Additionally, King Yuan Electronics was the most bought stock by proprietary traders on June 14, with 1,585 excess shares purchased. (Image: Pexels)

Source: YAHOO

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