Focus Stocks》Taiwan Glass: Nittobo's heavy decline dragged down the share price and turned black

The share price of Nittobo, a major global fiberglass cloth manufacturer, plunged nearly 7%, dragging down the share price of glass stock Taiwan Glass (1802), which had hit the daily limit yesterday, from red to black. After opening to 69.6 yuan, the selling pressure came out. As of 9:38 minutes, the stock price fell by 0.3 yuan, temporarily trading at 67.4 yuan, and the trading volume has exceeded 110,000.

Yesterday, foreign investors bought 54,700 lots, investors bought more than 17,000 lots, and the main force bought more than 76,000 lots. The most eye-catching thing in the market was the initiative to unify Taiwan stock growth (00981A), which added 8,479 Taiwanese shares in one breath; although there is good news about Taiwanese Continuously, in the early trading, the Japanese and Korean stock markets opened with direct declines, which led to the decline of Taiwanese stocks from red to black. Yesterday's most popular stock, Taiwan Glass, sold out at the same time. Retail investors lamented, "It's going up again the next day," "It's going down again at the opening," and "Look at Fu Qiao (1815), it's still in the red."

The legal person believes that as AI servers and high-speed switches continue to be upgraded, high-end CCL's requirements for low dielectric loss, dimensional stability and signal integrity have increased, driving the demand for low-loss fiberglass cloth. Taiwan Glass has a glass fiber-related business layout, and profits have increased significantly in the third quarter. However, the recent international financial situation has been turbulent, and Taiwan stocks cannot stay out of it. It is recommended that investors do not chase higher prices and hold cash in hand to maintain profits.