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Shilin Trio Soars: Newfang's 56% Spike in 6 Days Leads to Trading Restrictions

Shilin Trio Soars: Newfang's 56% Spike in 6 Days Leads to Trading Restrictions

The Taiwan Stock Exchange announced 10 stocks under watch last Friday (23rd). Newfang (1419) surged after NVIDIA CEO Jensen Huang announced the establishment of its Taiwan headquarters in Beishi Science Park. Newfang closed at NT$74.3 last Friday, with a trading volume of 5,908 shares, marking a cumulative rise of 56.38% over the past six trading days. The trading volume on May 23 was 11.02 times the average volume of the past 60 trading days, which led to its entry into the watch list for five consecutive days, and starting today (26th) until June 9, it has been designated as a controlled stock, with trading occurring every five minutes.

Additionally, Shih Paper (1903) also hit the upper limit last Friday, closing at NT$72.6, with a weekly increase of 26.04%, while its cumulative rise over the past six trading days reached 34.18%. On May 23, its trading volume was 9.87 times the average of the past 60 trading days, and with over 60% of its trades being short-term positions, it was also placed on the watch list.

Yucheng Precision (4949) closed at NT$60 last Friday, achieving a cumulative rise of 29.39% over the last six trading days, while its turnover rate on May 23 was 49.32%. Over a span of the last 90 trading days, its price increased by 170.30%, attracting the attention of the stock exchange.

The other seven stocks were placed on the watch list due to reasons such as short-term position ratios, cumulative closing price increases, and average trading volumes. They are sorted by stock code as follows: TLGD No. 46 Purchase 03 (062736), Fongda Technology (3004), Hong Guan Electric (3257), Damao (3645), Taiji (4934), Minghui-DR (911608), and Taihu (9902).