[Special Stock] Samsung Electronics Hits 52-Week Low Again... "Attempting to Narrow Decline but Facing Supply-Demand Headwinds"
[Asia Economy Reporter Lee Seon-ae] On the 18th, Samsung Electronics hit a new 52-week intraday low again. Now, there are even warning signs of breaking below 65,000 won. However, the stock price has been attempting to reduce its decline since 9:30 AM.
On this day, Samsung Electronics started at 66,500 won and fell to 66,100 won in the early session, setting a new 52-week intraday low. It has dropped to new lows for four consecutive trading days since the 7th and closed lower for two consecutive days on the 14th and 15th. However, as of 9:37 AM, it is trading at 66,800 won, showing signs of trying to narrow the decline.
Nevertheless, uncertainty in supply and demand remains. At this time, foreign investors are selling off 1.46 billion won worth of shares. Since the beginning of this month, individual investors have net purchased Samsung Electronics shares worth 3.1687 trillion won as of the 15th, while foreign investors have sold shares exceeding 2.0318 trillion won.
The foreign ownership ratio of Samsung Electronics has also shrunk. On the 15th, it fell to 51.20%, the lowest this year. Compared to 56.81% and 55.73% on the opening day of trading in 2020 and 2021 respectively, and an average of 54% over the past three years, the difference is significant.
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The market capitalization at the beginning of the year was 469.2249 trillion won, which evaporated by 53.728 trillion won to 415.4968 trillion won by the end of March. In April, it even broke below 400 trillion won. On this day, the market capitalization plunged to 398.1844 trillion won. Compared to the beginning of the year, this means a loss of 72 trillion won.
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