Foreign investors sold Taiwan stocks for 302.5 billion yuan, but bought "this one"

Foreign investors bought 26,402 shares of Uni-President Enterprises today. The picture shows Luo Zhixian (left), chairman of Uni-President Group, and Gao Xiuling (right), chairman of Uni-President Beautiful Life Business. (File photo)

The weighted index of the Taiwan stock market collapsed by 1,655.96 points today. Foreign investors sold NT$302.555 billion, setting the largest single-day overselling in the history of foreign investors. However, they turned back and bought the leading food stock company Uni-President (1216). Foreign investors bought 26,402 shares of Uni-President today, ranking the top stock in foreign overbuying. The cumulative number of foreign investors has been overbuying 59,071 shares of Uni-President for 6 consecutive days.

Investment trusts and self-dealers bought 12,792 and 5,768 shares of Uni-President for seven consecutive days, respectively. The three major legal entities have purchased a total of 76,687 shares of Uni-President in the past seven days, driving Uni-President's stock price to once stand at the 80 yuan level during today's trading. It closed at 79.5 yuan in late trading, up 1.66%.

Benefiting from the simultaneous growth of the food and distribution businesses, Uni-President Enterprises reported monthly revenue of 61.805 billion yuan in September, an annual increase of 5.8%; single-quarter revenue in the third quarter was 187.075 billion yuan, an annual increase of 6.1%, setting a new single-quarter high; cumulative revenue in the first three quarters was 537.05 billion yuan, an annual increase of 4.2%, setting a new high for the same period in history.