Three Major Institutional Investors Dump Panel Stocks! One Stock Suffers Over 50,000 Units Sold, Over 10,000 Units of TSMC Also Dropped

Reported 8 months ago

FTNN News Network reported that on June 24, 2024, the weighted index of the Taiwan stock market closed down 439.69 points, ending at 22,813.7 points, a decrease of 1.89%, with a trading volume of 499.267 billion NT. According to the post-market chip movement by the Taiwan Stock Exchange, the top three institutional investors collectively sold NT$45.056 billion worth of shares, with panel stock company AUO (3481) being the top selling stock, disposing of 51,091 units; In addition, Largan Precision (3008) and MediaTek (2454) also had notable sell-offs. Foreign investors and mainland Chinese investors collectively sold NT$45.182 billion, while proprietary traders sold NT$8.527 billion, with major sell-offs in electronic and traditional industry stocks. AUO, a panel manufacturer, saw the largest sell-off of over 50,000 units, followed by financial stock Cathay Financial Holding, which disposed of 24,478 units, and panel stock company HannStar Display, which sold 24,307 units. TSMC, the fourth largest sell-off, divested over 20,000 shares.

Source: YAHOO

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