[Featured Stock] Lotte Chemical Hits 52-Week High... Gains Over 4%
[Asia Economy Reporter Lee Seon-ae] Lotte Chemical is showing strong performance on the 2nd.
As of 9:23 AM, Lotte Chemical is trading at 332,000 KRW, up 4.40% from the previous trading day. During the session, it surged to 338,000 KRW, marking a 52-week high.
This strength is interpreted as being driven by expectations for improved earnings. Supply and demand conditions are also improving. Over the past month, net purchases by foreigners and institutions have been steadily continuing.
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Earlier, KB Securities projected an improvement in Lotte Chemical's earnings and set a target price of 504,000 KRW.
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