Reported 8 months ago
On June 15, 2024, National Express (2704) saw its stock price surge to NT$84 in early May, hitting a 33-year high before settling in the range of NT$67.6 to NT$71.6. Institutional investors significantly increased their purchases, with foreign investors buying 448 shares while proprietary traders sold 8 shares. National Express saw a marginal increase of 1.99% for the week, marking three consecutive weeks of gains, with institutional investors showing a preference for buying with a net excess of 259 shares, including 277 shares bought by foreign investors and 18 shares sold by proprietary traders. The stock's technical indicators strengthened as trading volume increased on the 14th, supporting an upward trend. Amid the COVID-19 escalation, Xi'an's emergency lockdown may impact the semiconductor and automotive industries, although positive factors like central bank actions and private placements by TSMC and Taiwan Cement provide support.
Source: YAHOO