Old AI Returns to the Stage! Three Major Institutions Invest 46.9 Billion in Foxconn, Quanta, and Others
The Taiwan stock market saw a bullish trend last week (from April 28 to May 2), with the weighted index rising by 914.91 points, closing at 20,787.64 points for a gain of 4.6%. According to the stock exchange data, the three major institutions had a net purchase of NT$45.715 billion. TSMC (2330) led the gains, rising each trading day, with a closing price of NT$950 on Friday (May 2), where institutions poured in NT$46.9 billion and bought 51,000 lots.
Additionally, Foxconn (2317) was also a focus, receiving NT$5.34 billion in investments and buying 36,000 lots. Quanta (2382) and Wistron (3231) both saw purchases of 17,000 and 14,000 lots respectively.
When looking at the individual stock purchases, MediaTek (2891) topped the list with a net purchase of 77,835 lots and announced a cash dividend of NT$2.3 per share, which marks a historic high and a yield of over 6%. Other high-performing stocks included TSMC, Chang Hwa Bank (2801), and Shin Kong Financial (2888).
