Several Public Banks Buy Large Amounts of Specific Stocks While Only One Sees Positive Returns, Netizens Question the Strategy

Reported 11 months ago

On June 24th, 2024, the Taiwan stock market closed with the weighted index dropping by 439.69 points to 22813.7 points, a decrease of 1.89%, with a trading volume of 4992.67 billion NTD. Among the top buying stocks by eight major public banks, the leading stock was panel manufacturer and only one in the green, Chunghwa Picture Tubes (3481), with a purchase of 17257 shares. Netizens expressed skepticism towards this strategic move, questioning if it was a genuine approach or merely a show. The article also outlines the top ten bought stocks by these banks, including shipping stocks Evergreen Marine (2618) and Evergreen (2603) as the second and third, respectively, with several netizens commenting on the recent high buying activity of these banks and expressing opinions on the market outlook.

Source: YAHOO

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