[Featured Stock] Kia Surpasses Samba to Rank 5th in Market Cap... New High
Kia showed a three-day consecutive upward trend, reaching a new 52-week high during trading. With the strong stock price, its market capitalization ranking rose, surpassing Samsung Biologics to take 5th place.
As of 9:40 a.m. on the 18th, Kia was trading at 130,600 KRW, up 1,500 KRW (1.16%) from the previous day. During trading, it rose to 132,500 KRW, setting a new 52-week high again.
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The strong performance of Hyundai Motor Group stocks, driven by expectations for the IPO of Hyundai Motor's India subsidiary, appears to have influenced Kia as well. The day before, Hyundai Motor submitted the DRHP, a preliminary IPO document, to the Securities and Exchange Board of India (SEBI), and announced that the final listing decision will depend on market conditions or the results of the pre-demand forecast.
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