Reported 9 months ago
On the last trading day of June, the Taiwan stock market opened with only a minor increase of less than 66 points, defending the 22900 point level, while challenging to reach the 23000 point mark. Analyst Huang Guowei from Mega Securities pointed out that today the market lacked excitement with heavyweight stocks resting and AI leaving, leading funds to flow towards small and mid-cap stocks, particularly those that were lagging behind. The market is currently lacking a clear direction, relying more on individual stock performances. This shift towards smaller stocks is indicative of a change in market dynamics, with some sectors like biotech, defense, green energy, solar energy, gaming stocks related to summer vacations, and second-tier semiconductor equipment companies showing strong performance. Despite a few stocks hitting the daily limit increase, the overall market performance remains tepid. Huang suggests focusing on stocks with potential growth that have not experienced significant increases in the past few months, while investors await the upcoming July financial reports for a clearer market direction.
Source: YAHOO