Samsung Electronics’ new low price for the second day despite its highest quarterly sales

It fell to a new low of 52 weeks on the morning of the 28th, when Samsung Electronics announced good results in the first quarter of this year.

As of 10:23 a.m. on the same day, Samsung Electronics was trading at 64,500 won in the stock market, down 0.77% from the previous trading day.

It also broke the 52-week low for two days in a row, following the previous day.

At the beginning of the market, it showed an upward trend and rose to 65,500 won, but soon returned the rise and turned to a downward trend.

Before the opening, Samsung Electronics announced that its sales in the first quarter rose 18.95% from the first quarter of last year to 77.7 trillion won, the highest ever recorded on a quarterly basis.

Operating profit was 14.12 trillion won, up 50.5% from the same period last year.

Both sales and operating profit exceeded market expectations.

However, Samsung Electronics’ stock price went downhill even after the announcement of preliminary results for the first quarter earlier this month due to uncertainty in semiconductor demand caused by Russia’s invasion of Ukraine and austerity measures in major countries.

/yunhap news

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