POSCO, Foreign Investors Net Buy 1,630,806 Shares in Last 5 Days... Stock Price 303,500 KRW (+3.41%)

As of 2:30 PM on the 11th, POSCO is trading at 303,500 KRW, up 3.41% from the previous day. The trading volume is 655,128 shares, which is 49.82% of the previous day's volume. POSCO is known as a steel manufacturing and distribution company.

On March 11, Byun Jong-man, a researcher at NH Investment & Securities, stated, "The main variable in the recent stock market is the rise in interest rates. During past periods of rising interest rates, POSCO's stock price increased. Since the interest rate rise is due to economic recovery, it is natural for POSCO, a representative company in the steel industry closely related to economic fluctuations, to see its stock price rise. Expectations for economic recovery after the Chinese Lunar New Year holiday, seasonal demand, and inventory replenishment are driving up steel prices. Based on the rise in international steel prices including China, sales prices are also estimated to be rising rapidly. This is expected to result in very favorable performance in the first half of the year." He set POSCO's target price at 350,000 KRW.

Over the past five days, individual investors have net sold 129,675 shares of POSCO, while foreigners and institutions have net bought 1,630,806 shares and net sold 1,480,436 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.