Investment Trusts Sell Off Shipping Stocks

Reported about 1 year ago

On June 14, the Taiwan Stock Exchange closed with an index increase of 192.68 points, with a weekly increase of 646.34 points. Investment trusts bought 483.76 billion and sold 433.06 billion this week, leading to a net purchase of 50.69 billion. Due to the UN's resolution for a Gaza ceasefire plan, five shipping stocks plummeted, with investment trusts selling off stocks such as Evergreen Marine, Yang Ming, and Wiwynn. Evergreen Marine was the most sold-off stock with 22,969 shares sold, while Yang Ming and Wiwynn followed as the second and third most sold-off stocks. Overall, investment trusts sold off a total of 10 stocks, with Evergreen Marine, Yang Ming, and Wiwynn ranking at the top in terms of shares. Other stocks included Yuanta Financial, AU Optronics, and Merry Electronics in the list of top sold-off stocks by investment trusts.

Source: YAHOO

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