Hyundai Steel, 601,455 Shares Net Sold by Individuals in Last 5 Days... Stock Price 44,950 KRW (-1.32%)

Published 12 Jan.2021 10:31(KST)

As of 10:30 AM on the 12th, Hyundai Steel is trading at 44,950 KRW, down 1.32% from the previous day. The trading volume is 698,150 shares, which is about 22.66% of the previous day's volume. Hyundai Steel is known as an integrated steel mill producing long products and plates.

On January 7th, Baek Jae-seung, a researcher at Samsung Securities, stated, "There are costs due to delayed wage negotiations, but this quarter will see a full recovery in performance thanks to the recovery in sales volume of automotive steel sheets and improvement in spreads for plates and long products. Based on favorable market conditions, price increases for automotive steel sheets are expected in 2021. Restructuring of low-profit businesses and cost reductions in carbon emission rights at Hyundai Green Power will also contribute to performance recovery in 2021." He set the target price for Hyundai Steel at 50,000 KRW.

Over the past five days, individual investors have net sold 601,455 shares of Hyundai Steel, while foreigners and institutions have net bought 46,958 shares and 299,813 shares, respectively.

※ Source: AI Investment Assistant AI Rassiro

※ This article was generated in real-time by an automatic article generation algorithm jointly developed by Asia Economy and the financial AI specialist company Thinkpool.