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Photo = Yonhap news |
[Alpha Biz= Reporter Kim Sangjin] Samsung Electronics saw a sharp decline for the fourth consecutive day on the 13th, falling to its lowest price in 4 years and 5 months.
On the Korea Composite Stock Price Index (KOSPI), Samsung's stock closed at 50,600 KRW, down 4.53% from the previous day. This marks the lowest closing price since June 15, 2020, when the stock was at 49,900 KRW.
The stock opened at 52,000 KRW, 1.89% lower than the previous day, and dropped further during the day, hitting a low of 50,500 KRW in the afternoon, a 4.72% decline. The rate of decline has been increasing, with the drops widening from -0.87% on the 8th, -3.51% on the 11th, and -3.64% on the 12th.
Foreign investors have been driving the decline in Samsung’s stock price. Since the 30th of last month, foreign investors have been net sellers of Samsung stock for 11 consecutive trading days, with a total net sell amount reaching 2.69 trillion KRW.
Alphabiz Reporter Kim SangJin(letyou@alphabiz.co.kr)
