The Taiwan stock market closed today (22nd) at 20,532.99 points, down 254.65 points, a drop of 1.23%. According to the Taiwan Stock Exchange data, the three major institutions had a net purchase of 12.114 billion TWD, but investment trusts sold 1.186 billion TWD worth of shares.

Among the heavy selling by investment trusts, steel stock Taiwan Cables Corporation (2027) topped the list with over 10,000 shares sold, withdrawing 436 million TWD, marking the sixth consecutive day of selling. Meanwhile, the financial stock CITIC Financial (2891) faced significant selling pressure, with 8,758 shares sold and a capital outflow of 343 million TWD, ranking second.

For 2024, CITIC Financial expects a net profit of 72.028 billion TWD and an EPS of 3.64 TWD, both reaching historical highs. The company announced a cash dividend of 2.3 TWD per share planned for 2025, the highest since 2005, maintaining a payout ratio of about 63.2%, without issuing stock dividends. Despite the selling pressure from investment trusts, foreign investors made substantial purchases of 1.51 billion TWD today, leaving a net buying position of 1.05 billion TWD overall.

According to the latest data from the stock exchange, the top ten stocks sold by investment trusts showed that Taiwan Cables Corporation (2027) sold 10,805 shares, while CITIC Financial (2891) was second with 8,758 shares sold. Third on the list was Nanya Technology (2408) with 4,143 shares sold, followed by Dong Yang (1319) and China Steel (2014).