[Featured Stock] Kiwoom Securities Rises 9% Intraday... 117,000 Won Hits 52-Week High
[Asia Economy Reporter Oh Ju-yeon] Kiwoom Securities surged more than 9% during trading on the 10th, setting a new 52-week high. Kiwoom Securities had recorded its highest quarterly earnings ever in the second quarter of this year.
As of 2:16 PM on the day, Kiwoom Securities was trading at 115,500 KRW, up 7.94% from the previous trading day. During the session, it rose as much as 9.35% to 117,000 KRW, marking a 52-week high.
Kiwoom Securities announced on the 4th that its operating profit for the second quarter reached nearly 314 billion KRW, a 380% increase compared to the same period last year, resulting in an earnings surprise.
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With an increase in trading volume by individual investors, brokerage revenue is expected to continue growing in the third quarter as well.
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