As of 9:30 AM on the 5th, POSCO is trading at 307,500 KRW, down 0.49% from the previous day. The trading volume is 165,648 shares, which is about 11.76% of the previous day's volume. POSCO is known as a steel manufacturing and distribution company.


On March 4th, Kim Misong, a researcher at Cape Investment & Securities, stated, "Looking at the recent market conditions in China, product prices have risen as end-industry consumers returned after the Lunar New Year holiday. Although the speed of demand recovery is not faster than expected, the improvement compared to before is meaningful. Additionally, the possibility of export restrictions due to the Chinese government's environmental regulations suggests that the environment allowing cost increases to be passed on to prices may continue. Downside risks are expected to be offset by temporary adjustments and strong demand in end industries." He set POSCO's target price at 380,000 KRW.


Over the past five days, individual investors have net sold 517,975 shares of POSCO, while foreigners and institutions have net bought 273,357 shares and 256,037 shares, respectively.



※Source: AI Investment Assistant AI Rassiro


※ This article was generated in real-time by an automatic article generation algorithm jointly developed by Asia Economy and the financial AI specialist company Thinkpool.


This content was produced with the assistance of AI translation services.

© The Asia Business Daily(www.asiae.co.kr). All rights reserved.

Today’s Briefing