POSCO, 695,563 Shares Sold Net by Individuals in Last 5 Days... Stock Price 311,500 KRW (-3.11%)

As of 12:30 PM on the 9th, POSCO is trading at 311,500 KRW, down 3.11% from the previous day. The trading volume is 723,706 shares, which is 72.41% of the previous day's volume. POSCO is known as a steel manufacturing and distribution company.

On March 4th, researcher Byun Jong-man of NH Investment & Securities stated, "The stock prices of major steel companies in the Asian region surged the previous day. This was driven by signs of economic recovery and expectations of production cuts in China. It is important to remember that POSCO's stock price rose during past periods of rising interest rates and inflation. With rising steel prices and strengthening signs of economic recovery, the stock price is expected to continue increasing. The stock price rise is expected to be driven by 1) rising steel prices and increased expectations for economic recovery, 2) interest rates, and 3) inflation. Mention of China's steel production cut measures is positive for investor sentiment regardless of whether it is realized." He set POSCO's target price at 350,000 KRW.

Over the past five days, individual investors have net sold 695,563 shares of POSCO, while foreigners and institutions have net bought 575,857 shares and 158,834 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.