Reported 11 months ago
As summer begins on June 26, 2024, three major summer concept stocks in Taiwan's stock market, including gaming, biotechnology, and Paris Olympics-related sports concept stocks, are surging. Small and medium-sized stocks in Taiwan outperformed the centralized market, with funds flowing into cultural and biotech industries. Summer vacation approaching boosts gaming stocks, such as Chilli (4946), Winchannel (3293), and biotech stocks like Sentons (1784) and Sentons Genes (4160), as well as Paris Olympics-related sports concept stocks like Laiyi-KY (6890), causing a significant increase in stock prices. Biotech stocks show positive signs, with the Biomedical index rising by 4.25% and 2.09% in the listed and OTC markets respectively. Favorable factors driving the surge are the early peak of the COVID-19 pandemic in July, leading to a jump in biotech stocks. In addition, the upcoming July biotech exhibition is attracting investors to look into relevant stocks for investment opportunities.
Source: YAHOO