[Featured Stock] Samsung Electronics Hits Intraday High of 65,900 Won... Sets New All-Time Record Again

Foreigners Maintain Net Buying for 8 Consecutive Trading Days

[Asia Economy Reporter Minji Lee] Samsung Electronics recorded an intraday increase of over 4%, reaching an all-time high.

[Image source=Yonhap News]

At 9:34 a.m. on the 16th, Samsung Electronics was trading at 65,600 KRW, up 3.8%. On the same day, Samsung Electronics traded at 65,900 KRW, up 4.2% from the previous close. Currently, foreign investors have purchased 1,025,000 shares. Foreign investors have shown a net buying trend for Samsung Electronics for eight consecutive trading days.

This is interpreted as a result of a semiconductor industry turnaround, expectations for Samsung Group's dividend expansion policy, and large-scale foreign buying driven by capital movement to emerging markets. Lee Kyung-min, a researcher at Daishin Securities, said, “Samsung Electronics’ record high signals a mid- to long-term upward trend for both Samsung Electronics and the KOSPI. A short-term absorption of selling pressure may occur before further leveling up of Samsung Electronics’ earnings and increasing expectations.”

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