Institutional Investors Impact Hon Hai: Large Sell-Off of 23,000 Shares of 00929 ETF for 4 Consecutive Days

Reported 12 months ago

On July 3, 2024, the Taiwan stock market closed at 23,172.43 points. Institutional investors bought a net of 77.64 billion Taiwan dollars today, with Hon Hai being notably affected. Hon Hai lost value and faced continuous sell-offs by institutional investors, with 23,000 additional shares sold today, leading to concerns among investors. In addition, the 00929 ETF saw significant adjustments with the removal of several stocks, including Zhen Ding Technology, Macronix, Lite-On, and MediaTek, all experiencing consecutive sell-offs by institutional investors for four days. The top 10 stocks sold by institutional investors today include Hon Hai being the most sold with 23,854 shares and Macronix in the second place with 16,332 shares. Investors are warned to independently evaluate these trends and bear investment risks.

Source: YAHOO

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