[Market Focus] Kiwoom Securities Up Over 4%... Rises for 12 Consecutive Trading Days

The stock price of Kiwoom Securities has closed higher for 12 consecutive trading days. This appears to be driven by investor sentiment favoring securities stocks, amid expectations for stock market stimulus measures during the process of resolving domestic political uncertainty.

As of 10:20 a.m. on May 7, Kiwoom Securities was trading at 143,600 won, up 4.42% from the previous day. The stock has shown a continuous upward trend for 12 consecutive trading days since April 17, based on closing prices.

Strong first-quarter results have been cited as the primary reason. On a consolidated basis, net profit attributable to controlling shareholders reached 235.3 billion won, significantly exceeding the market consensus of 219 billion won. Although this represented a 4.1% decrease compared to the same period last year, it was a 61.0% increase from the previous quarter. Both the investment banking (IB) and brokerage divisions delivered solid performances.

Yoon Yudong, a researcher at NH Investment & Securities, stated, "This year, the upward trend is likely to be prolonged, as expectations for stock market stimulus measures also come into play." He added, "The cost of the recent commission-free event due to a system failure is expected to be reflected in the second quarter at around 5 billion won, and the scale of compensation is still being determined."