[Featured Stock] Samsung Life Insurance Surges 15% Intraday on Earnings Expectations

[Asia Economy Reporter Oh Ju-yeon] Samsung Life Insurance's stock surged 15% intraday on the 10th amid expectations of strong second-quarter earnings. Despite the impact of the novel coronavirus disease (COVID-19), analysis suggests the company performed better than anticipated, driving the sharp rise in its stock price.

As of 2:08 PM on the same day, Samsung Life Insurance was trading at 55,700 KRW, up 13.10% from the previous trading day. At one point during the session, the stock price rose as much as 15.33% to 56,800 KRW.

At this time, foreign investors sold a net 1.38 trillion KRW worth of shares, while institutional investors purchased 3.631 trillion KRW worth.

Looking at the supply and demand over the past month, both foreign and institutional investors have been net buyers.

From the 10th of last month until today, foreign investors bought shares worth 19.298 billion KRW, and individual investors purchased 4.486 billion KRW worth. However, individual investors sold shares worth 30.555 billion KRW.

Meanwhile, Samsung Life Insurance is scheduled to announce its second-quarter earnings on the 13th.