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🇹🇼 Taiwan /Economy & Trade

Nan Ya PCB slammed into limit-down territory as institutional investors sold heavily

From Liberty Times · () Chinese

Translated from Chinese and summarized by DistantNews. Read the original for the full story.

At a glance

Newswire From a news agency Outcome reported
  • Taiwan’s stock index fell 307 points to close at 45,857.66 after technology shares reversed sharply from an earlier gain.
  • Nan Ya PCB hit the daily limit down at NT$1,080 after the three major institutional investor groups sold a combined 7,537 lots.
  • Investment trusts also sold NT$63.712 billion worth of shares overall, while buying NT$1.142 billion on a net basis.

Nan Ya PCB was hit by a heavy sell-off on Thursday, locking at the daily limit down after foreign investors, dealers and investment trusts all sold the stock.

Taiwan’s benchmark index had risen as much as 353 points during the session, led by electronics shares. It later reversed course as ABF substrate, optoelectronics and other technology stocks fell sharply. The index lost 307 points and closed at 45,857.66.

The three major institutional investor groups sold a combined 7,537 lots of Nan Ya PCB. The stock opened higher before rapidly falling to NT$1,080, with trading volume expanding to 23,300 lots.

Investment trusts sold 11.42 billion Taiwan dollars on a net basis overall, while selling heavily across financial and technology shares. Their 10 biggest net sales included Taiwan Business Bank, United Microelectronics, Taichung Commercial Bank, CTBC Financial, Hua Nan Financial, Nan Ya PCB, First Financial, Nanya Technology, Unimicron and KGI Securities.

About this summary

Originally published by Liberty Times in Chinese. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.

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