Published : Aug. 23, 2016 - 17:13
[THE INVESTOR] Shares of Samsung Electronics on Aug. 23 renewed record highs for three consecutive sessions.
The stock closed at an all-time high of 1,687,000 won (US$1,510), up 22,000 won from the previous session.
Buoyed by the market behemoth’s upbeat performance, the benchmark KOSPI also gained 7.77 points to close at 2,049.93.
While foreign investors remained net sellers, Samsung affiliates purchased their shares alongside individuals.
Analysts predict the Samsung stock rally could continue for some time, considering expectations high on the company’s improved profits on chips and displays in the second half of this year.
By Lee Ji-yoon (jylee@heraldcorp.com)