[Featured Stock] Kiwoom Securities Rises 9% Intraday... 117,000 Won Hits 52-Week High

[Asia Economy Reporter Oh Ju-yeon] Kiwoom Securities surged more than 9% during trading on the 10th, setting a new 52-week high. Kiwoom Securities had recorded its highest quarterly earnings ever in the second quarter of this year.

As of 2:16 PM on the day, Kiwoom Securities was trading at 115,500 KRW, up 7.94% from the previous trading day. During the session, it rose as much as 9.35% to 117,000 KRW, marking a 52-week high.

Kiwoom Securities announced on the 4th that its operating profit for the second quarter reached nearly 314 billion KRW, a 380% increase compared to the same period last year, resulting in an earnings surprise.

With an increase in trading volume by individual investors, brokerage revenue is expected to continue growing in the third quarter as well.