[Featured Stock] LG Electronics Surges 10% Intraday... Hits 52-Week High

[Asia Economy Reporter Oh Ju-yeon] LG Electronics surged more than 10% during trading on the 10th, hitting a 52-week high. The stock price has been on the rise as concerns over earnings due to the novel coronavirus (COVID-19) have subsided and expectations for competitiveness in home appliances have increased.

As of 1:55 PM on the day, LG Electronics was trading at 84,900 KRW, up 9.97% from the previous trading day. During the session, it even reached 86,200 KRW, up 11.66%, setting a new high.

At this time, both foreign and institutional investors were net buyers. Foreign investors purchased 9.031 billion KRW worth of shares, and institutions net bought 23.718 billion KRW worth.

Analyzing supply and demand over the past month, both foreign and institutional investors recorded net purchases. From the 10th of last month to this day, foreign investors bought shares worth 257.6 billion KRW, and institutions purchased 10.6 billion KRW worth. Individual investors sold shares worth 230.785 billion KRW.

During this period, the stock price rose by double digits. Based on the closing price on the 10th of last month, LG Electronics' stock price reached a new high of 86,200 KRW on this day, up 26.39%.