POSCO, Stock Price +2.7% at This Hour... 516,216 Shares Net Sold by Individuals in the Last 5 Days

As of 2:30 PM on the 8th, POSCO is trading at 323,000 KRW, up 2.7% from the previous day. The trading volume is 880,493 shares, which is 97.73% of the previous day's volume. POSCO is known as a manufacturer and distributor of steel products.

On March 5th, Minjin Bang, a researcher at Eugene Investment & Securities, stated, "The ongoing price negotiations for automotive steel sheets and shipbuilding thick plates are considered to be in a favorable environment. Although the timing of the conclusion of the negotiations is uncertain, it is highly likely that the price increase will be applied in the second quarter. This year’s profits are expected to show a pattern of strong start and weak finish. After the pandemic base effect in the first quarter, there is uncertainty in China’s steel demand, while blast furnaces that had been shut down in North America and Europe are restarting operations. Recently, the improvement in the economy reflected by interest rate hikes and the increased inflation expectations are expected to substantially support steel prices." He set POSCO’s target price at 360,000 KRW.

Over the past five days, individual investors have net sold 516,216 shares of POSCO, while foreigners and institutions have net bought 410,506 shares and 139,037 shares, respectively.

※Source: AI Investment Assistant AI Rassiro

※ This article was generated in real-time by an automatic article generation algorithm jointly developed by Asia Economy and the financial AI specialist company Thinkpool.