Reported 12 months ago
According to the Taiwan Stock Exchange's data on institutional investors' chip movements, last week saw a total net sell of 62.8 billion Taiwanese dollars, with mutual funds buying 19.194 billion and selling 19.969 billion, resulting in a net sell of 775 million. Taiwan Plastics Group, due to factors such as rising US interest rates and lower-than-expected economic recovery in mainland China, experienced a 20.9% decrease in performance last year. Despite former chairman Lin Jian-nan apologizing to shareholders during the shareholders' meeting, institutional investors still aggressively sold over 30,000 shares of the company this past week. Fortunately, the stock price rebounded by 0.88% on the 28th, closing at 57.5 Taiwanese dollars.
Source: YAHOO