The Taiwan Stock Exchange surged on Tuesday (September 9), climbing 307 points to close at a record 24,855. The rally came as the three major institutional investors posted a combined net purchase of NT$38.669 billion, fueling market optimism.
Despite the strong performance, investment trusts extended their selling streak to 11 consecutive sessions, offloading an additional NT$1.64 billion worth of shares. MiTAC (3706) stood out as the largest sell-off target, with 2,557 shares sold by investment trusts. Interestingly, MiTAC’s share price moved against the trend, rising for the third day in a row to end at NT$87.8, up 1.39%, with trading volume expanding to 57,300 shares.
According to trading data, the top 10 stocks sold by investment trusts on Tuesday were:
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MiTAC (3706) – 2,557 shares
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UMC (2303) – 2,526 shares
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Nanya (8046) – 2,361 shares
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Chinatrust Financial Holdings (2891) – 2,316 shares
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Xinxing (3037) – 1,324 shares
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Merry Group (2439) – 1,095 shares
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EVA Air (2618) – 943 shares
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Nanya Holdings (1303) – 921 shares
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Kai Asset Management (2883) – 909 shares
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Cheng Shin Holdings (2105) – 827 shares
While investment trusts continued to reduce their positions, strong foreign investor buying has kept the broader market on an upward trajectory. Analysts noted that the resilience of certain stocks, such as MiTAC, signals ongoing confidence in specific sectors despite the persistent sell-offs by trusts.
