[Market Focus] Samsung Electronics Hits New All-Time High Again

Samsung Electronics surged by more than 2%, reaching an all-time intraday high.

As of 9:09 a.m. on December 26, Samsung Electronics was trading at 1,134,000 won on the Korea Exchange, up 2,300 won (2.07%) from the previous day. During intraday trading, the price climbed as high as 1,138,000 won, setting a new record high.

The rally is attributed to positive momentum from Micron. Overnight in the New York stock market, Micron soared 3.8% to hit an all-time high, driven by favorable conditions in the memory semiconductor industry.

Positive forecasts from Nomura Securities also appear to have influenced the stock price. According to the securities industry, Nomura projects Samsung Electronics’ operating profit for next year at 13.34 trillion won and has set a target price of 160,000 won.