[Featured Stock] Samsung Electronics, Which Had Paused, Shows Strong Gains Over 2%

Samsung Electronics' stock price has turned to an intraday uptrend, rising more than 2%.

Yonhap News

According to the Korea Exchange, as of 1:58 PM on the 21st, Samsung Electronics is trading at 56,700 KRW, up 2.53% (1,400 KRW) from the previous day. Samsung Electronics, which started the day weak, has been increasing its gains since the afternoon. Samsung Electronics Preferred shares are trading at 48,800 KRW, up 2.74% (1,300 KRW) from the previous day.

At the same time, the KOSPI index is recording 2,489.24, up 7.52 points (0.30%) thanks to the rise in Samsung Electronics.

It is trading at 2,495.54, up 0.52%. The index briefly rose to 2,496.97 in the afternoon and is currently attempting to recover the 2,500 level. The KOSDAQ is down 0.60 points (-0.09%) at 682.21.

Samsung Electronics' stock price rebounded after announcing a 10 trillion KRW share buyback. The stock price, which had fallen to the 40,000 KRW range, rose 7.21% (3,600 KRW) on the 15th, just before the buyback announcement, and then increased an additional 5.98% (3,200 KRW) on the 19th. However, it entered a pause after falling for two consecutive trading days on the 19th and 20th.