MediaTek Becomes a Pending Withdrawn Stock in 00919 as Share Prices Drop Below All Averages
MediaTek (2454) has been removed in the latest index adjustment and is facing selling pressure. According to data from Yuanta Investment Trust, MediaTek's weight in the 00919 index has decreased from 9.22% to 7.85%. Recently, its stock performance has not been favorable, as after April 4th, the stock price could not stabilize and dropped to 1235 TWD today, falling below all moving averages.
In April of this year, Yuanta Taiwan Selected High Yields (00919) announced adjustments to its index rules, increasing the number of constituent stocks from 30 to 40, with MediaTek being removed in this change. Currently, its holding amount has decreased to approximately 23,000 shares and is set for further adjustments before June 13th。
Additionally, the other five stocks removed in this rebalancing include Hiyue (2348), Jingcheng Bank (2809), and others, with adjustments to the holding weight distribution to follow.
