
BoA has tracked signs of the upcoming stock market sell-off. While more expensive and at-risk stocks are set to fall, value stocks should survive.
On Thursday, Taiwan shares grew after the close because revenues in the Electricity, Oil, Gas & Electricity as well as Transport sectors underpinned stocks.
The Taiwan Weighted tacked on 0.20%.
On the Taiwan Weighted the winners were represented by such benchmarks as Paragon Technologies Co Ltd, Jung Shing Wire Co Ltd and Tri Ocean Textile Co Ltd. They ascended respectively 10.00%, 10.00% and 9.92%.
TPK Holding Co Ltd, Optimax Technology Corp and Ene Technology Inc became the worst performers, losing respectively 4.22%, 3.93% and 3.66%.
Ascending equities managed to supplant descending on the Taiwan Stock Exchange by 434 to 312, while 127 didn’t change.
Equities in Paragon Technologies Co Ltd inched up to 52-week maximums, soaring 10.00% and getting to 35.75. Equities in Jung Shing Wire Co Ltd rallied to 5-year maximums, earning 10.00% and reaching 14.85. As for stocks in Tri Ocean Textile Co Ltd, they grew to 52-week peaks, adding 9.92% and hitting 20.50.
The currency pair USD/TWD rallied 0.21% hitting 30.113, TWD/CNY tacked on 0.05% showing 0.2158.
BoA has tracked signs of the upcoming stock market sell-off. While more expensive and at-risk stocks are set to fall, value stocks should survive.
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