"Another 50,000 electronics." Samsung Electronics has a new 52-week low...Longest net selling streak by foreigners ever

2024.10.21. PM 7:01
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Samsung Electronics' 52 Weeks New Low Price...Foreigners sold net for 29th day
Foreigners, Samsung Electronics sold net for 29 consecutive days...Longest
everHynix 1.92% ↑…"Q3 earnings will exceed expectations"
[Anchor]
Our stock market also rose today due to the closing of the New York Stock Exchange last week, but Samsung Electronics, the No. 1 market cap, showed a particularly sluggish performance.

Foreigners continued their net selling streak for the 29th day, the longest ever, breaking a new 52-week low at one point in the morning.

Reporter Ryu Hwan-hong reports.

[Reporter]
Although the KOSPI and KOSDAQ indexes rose together, Samsung Electronics was left out due to the crisis theory.

At one point in the morning, it fell to 58,500 won, setting a new 52-week low.

I haven't been able to get out of the swamp of "50,000 electrons" for 4 days.

Foreigners held a net selling streak for 29 consecutive days, setting the record for the longest net selling ever.SK hynix, on the other hand, rose 1.92%, showing a contrast to

.

Last week, Nvidia and Philadelphia's semiconductor index rose significantly in the New York Stock Exchange.

In addition, the forecast that the third quarter's earnings, which will be announced on the 24th, will exceed expectations also served as a positive factor.

According to FnGuide's tally, SK Hynix's third-quarter operating profit reached 6.7 trillion won, making it certain to overtake Samsung Electronics, which is estimated to be in the early 5 trillion won range, for the first time ever.

[Huh Jae-hwan / Eugene Investment & Securities Global Macro Team (Deputy Director) : Due to some effect on this new demand, HBM's earnings are expected to be around 6 to 7 trillion in this quarter, which is also meaningful because it is close to or exceeding Samsung Electronics' semiconductor division's profits historically.]

Samsung Electronics has started to strengthen its technology and innovate its organizational culture after the announcement of its third-quarter earnings, but the problem is that it takes some time for such changes to lead to improved investor perceptions.

Some market experts predict that the current stock price trend of Samsung Electronics will continue until early next year.

I'm YTN's Ryu Hwan Hong.

Filmmaker: Wang Xion



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