[Featured Stock] Shinhan Financial Group Hits New High with 3 Consecutive Days of Gains, Enters Top 10 by Market Cap
Shinhan Financial Group recorded a 52-week high during intraday trading as it rose for three consecutive days.
As of 10:09 AM on the 4th, Shinhan Financial Group is trading at 52,900 KRW, up 1,800 KRW (3.52%) from the previous day. It reached as high as 53,200 KRW during the session, setting a new 52-week high. Continuing its upward trend for the third consecutive day, it has secured the 10th position in market capitalization. Shinhan Financial Group surpassed NAVER the previous day to enter the top 10 by market cap.
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Financial stocks have been rising together recently following the government's announcement of tax support measures related to the corporate value-up program. The 'Dynamic Economy Roadmap' announced by the government the day before included tax benefits for value-up measures, such as a corporate tax credit of 5% on increased shareholder returns like dividends and share buybacks, and separate taxation on dividend income.
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