Three Major Institutional Investors Misjudged Investment? Financial Stock with 95% Decrease in May Revenue But Bought Over 53,000 Shares, Netizens: Feels Pity

Reported 11 months ago

FTNN News reported that on June 11, Taiwan's stock market opened high but ended lower, with the weighted index dropping 66.26 points to 21,792.12, a 0.3% decrease. Despite a 95.55% year-on-year revenue decrease to 16.1 million in May, development financial holding was the top buy among institutional investors, with over 53,000 shares purchased. Netizens expressed pity over the immense purchases, especially considering the significant revenue decline. Additionally, EVA Airways was the second top purchase but closed in the negative, showing the interesting dynamics of the market.

Source: YAHOO

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