June Taiwan Stock Market Leaderboard: Top 20 Stocks with Sharp Declines! Yung Guang Leads with Over 20% Drop in a Month, Solomon, and Weltrend-KY Also on the List

Reported 9 months ago

Yahoo Finance's special correspondent Chen Yi-min updated the list of top declining stocks in June 2024, with Yung Guang (6117) leading with a drop of over 20% in a month. Solomon (2359) and Weltrend-KY (3661) also made it to the list. However, experts suggest investors could seize short-term opportunities as these stocks are expected to rebound in July. Yung Guang takes the top spot for June's stock market losers, with Weltrend also experiencing a significant drop. Analyst Wang Chun-sheng from Lunyuan Investment noted that due to rising raw material costs, Weltrend's revenue from January to May decreased compared to the previous year, leading to a nearly 20% drop in stock price. Wang mentioned that there is a chance for these weak stocks to rebound in July, advising investors to focus on short-term rebound opportunities.

Source: YAHOO

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