[Special Stock] Samsung Electronics Hits 52-Week High on Foreign Buying Pressure
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Samsung Electronics hit a 52-week high early in trading on the 29th, driven by foreign buying.
As of 9:28 a.m. that day, Samsung Electronics was trading at 73,100 KRW, up 0.55% from the previous trading day. Immediately after the market opened, Samsung Electronics rose to 73,400 KRW, marking a new 52-week high.
The driving force behind the rise in Samsung Electronics' stock price was foreign investors. Foreigners have been continuously buying Samsung Electronics, leading the stock price increase.
Forecasts for Samsung Electronics' Q2 earnings from securities firms vary significantly.
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IBK Investment & Securities predicted Samsung Electronics' Q2 operating profit to decrease from Q1 to 232 billion KRW. Ebest Investment & Securities projected an even lower figure of 100 billion KRW. On the other hand, KB Securities estimated the Q2 operating profit at 901.2 billion KRW.
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