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Electronics Stock Lianqiang Faces 1.1 Billion Sell-off by Investment Trusts for 7 Days, Sparking Investor Debate

Electronics Stock Lianqiang Faces 1.1 Billion Sell-off by Investment Trusts for 7 Days, Sparking Investor Debate

This week (May 19 - May 23), Taiwan's stock market closed at 21,652.24 points, down 191.45 points or 0.88%. According to the stock exchange's data, investment trusts bought a total of 16.808 billion NTD worth of stocks during the week. However, in the electronics sector, Lianqiang (2347) and its Indian joint venture Redington are expected to show remarkable performance in the Middle East and Africa markets for the fiscal year 2025 (April 2024 - March 2025), with record-high revenue, profit, and market cap.

On the 23rd, Lianqiang's trading price reached 73.2 NTD, marking a 1.53% increase. Nonetheless, the investment trust sold off 16,262 shares this week, totaling more than 1.17 billion NTD, marking seven consecutive days of selling. Conversely, foreign investment has bought continuously for seven days, leading investors to joke, “As the investment trusts are frantically selling, foreign investors are just as eager to buy. Who should we trust?”

According to the stock exchange’s report, the top ten stocks sold by investment trusts this week were led by Yongfeng Financial (2890) with 147,141 shares sold, followed by Far Eastern New Century (1402) with 96,282 shares, and First Financial (2892) with 35,100 shares sold.