[Special Stock] KB Financial Falls Over 4% After Missing Inclusion in Value-Up Index
KB Financial is showing weakness after failing to be included in the Value-Up Index.
As of 9:10 AM on the 25th, KB Financial is trading at 78,600 won, down 3,400 won (4.15%) from the previous day.
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This weakness in KB Financial is interpreted as a result of the failure to be included in the Korea Value-Up Index announced the previous day. Initially, KB Financial was considered a representative beneficiary of the Value-Up program and its stock price had already reflected this expectation, but disappointment selling appears to have surged after the failure to be included in the index. Jaewoon Cho, a researcher at Daishin Securities, said, "While expectations for Value-Up had been high, stocks that were not included are likely to face increased downward pressure."
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