[Featured Stocks] Semiconductor Shares Continue to Rise... Samsung Electronics and Hanmi Semiconductor Hit 52-Week Highs

Amid expectations of an improvement in the semiconductor industry, Samsung Electronics and Hanmi Semiconductor, the 'leading stocks' in semiconductors, have once again hit new 52-week highs.

원본보기 아이콘

As of 9:48 a.m. on the 2nd, Samsung Electronics is trading at 83,600 KRW, up 1.95% (1,600 KRW) from the previous day. It has surpassed the intraday 52-week high of 83,300 KRW recorded the previous day.

Hanmi Semiconductor is trading at 148,100 KRW, up 4.08%. It also broke through the 52-week high of 146,300 KRW recorded the previous day. Another leading semiconductor stock, SK Hynix, is trading at 185,700 KRW, up 0.11% from the previous day.

Other stocks in the semiconductor sector, such as Above Semiconductor (11.82%) and Jeju Semiconductor (1.76%), are also showing upward trends.

Semiconductor stocks are interpreted to be showing strength ahead of the first-quarter earnings announcements, along with recent expectations of industry improvement. Lee Seung-woo, a researcher at Eugene Investment & Securities, said about Samsung Electronics, "The earnings improvement is expected to exceed consensus (market average forecast), and it seems they have begun to find clues even in high-bandwidth memory (HBM), which has been pointed out as a vulnerability."

© The Asia Business Daily(www.asiae.co.kr). All rights reserved.