[Featured Stock] Kiwoom Securities' Stock Rises Despite Direct Hit from SG-Induced Plunge Crisis

Kiwoom Securities' stock price, which was directly hit by the recent stock price crash caused by Societe Generale (SG) Securities, rose despite concerns over a large volume of unsettled receivables from Contract for Difference (CFD) transactions.

As of 10:18 AM on the 11th, Kiwoom Securities was trading at 93,400 KRW, up 2.64% from the previous trading day on the KOSPI market.

The stock price even rose to 94,100 KRW at one point during the session.

Kiwoom Securities' stock price showed weakness over the two trading days from the 9th to the 10th but rebounded on this day.

Despite achieving the highest quarterly profit in its history, concerns about the potential large exposure and loss scale related to CFDs have led securities firms to continue lowering their target prices for Kiwoom Securities.

Kiwoom Securities announced on the 9th that its consolidated operating profit for the first quarter of this year was 388.9 billion KRW, an increase of 82.39% compared to the same period last year.

Despite Kiwoom Securities' "surprise performance," some securities firms such as Shinhan Investment Corp. (from 135,000 KRW to 120,000 KRW) and Samsung Securities (from 137,000 KRW to 125,000 KRW) have lowered their target stock prices.

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