[Featured Stock] Kiwoom Securities Announces Treasury Stock Acquisition... Value-Up Expectations Drive 'Strength'

Kiwoom Securities' stock price is showing strength. It appears that buying momentum has surged due to value-up expectations following the announcement of treasury stock acquisition.

At 10:01 AM on the 16th, Kiwoom Securities was trading at 133,600 KRW, up 4.78% from the previous day.

On the 14th, Kiwoom Securities announced a decision to acquire 350,000 shares of treasury stock over the next three months.

Yoon Yudong, a researcher at NH Investment & Securities, explained, "Although market volatility has recently increased, securities stocks remain relatively resilient," adding, "This is because there is a momentum for earnings improvement and value-up as the project financing (PF) issue is being resolved."