Yuanta Financial Holding stock falls despite market rally as investors sell off

Yuanta Financial Holding (Yuanta金) experienced a notable sell-off from domestic investors on Monday, causing its stock price to decline despite a broader market rally in Taiwan. The Taiwanese stock market saw a significant surge, with the index closing up 702 points and recovering the mid-term line, partly driven by the memory chip sector. However, Yuanta Financial Holding, which boasts 450,000 shareholders, bucked the trend. Institutional investors (投信) were net buyers of NT$2.984 billion in the overall market but aggressively sold 3,965 shares of Yuanta Financial Holding. Proprietary traders (自營商) also joined the selling pressure, offloading shares and contributing to the stock's drop from its opening high. As a result, Yuanta Financial Holding's stock closed at NT$68.2, up only NT$0.5 from its opening, with a substantial increase in trading volume to 20,100 shares. The article lists the top 10 stocks sold by institutional investors, with Yuanta Financial Holding leading the list. Other major stocks experiencing significant selling by institutional investors included Innolux (金像電),臻鼎-KY (Zhen Ding Technology), Gigabyte (技嘉), and Wistron (緯創).