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The Korea Herald
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THE INVESTOR
March 28, 2024

Samsung

Samsung fares best during Winter Olympics

  • PUBLISHED :February 26, 2018 - 09:43
  • UPDATED :February 26, 2018 - 10:40
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[THE INVESTOR] Korean tech giant Samsung Electronics has performed the best among major stocks forecast to benefit from the 2018 Winter Olympics in the country, market data showed on Feb. 26.

Only Samsung and four others out of 18 stocks that the nation‘s top 10 brokerages had predicted to benefit from the PyeongChang Games rose during the Olympic period, with the remainder going south, according to the data from the Korea Exchange and market sources.

The curtain was lowered on the Winter Games on Feb. 25, 17 days after the quadrennial global sporting event opened in the eastern alpine town.

Top-cap Samsung Electronics closed at 2.36 million won (US$2,192) on Feb. 23, the last trading session before the closing ceremony, up 3.34 percent from Feb. 8, the eve of the Olympics’ opening.

Korea Investment & Securities Co. had recommended Samsung Electronics, saying the Olympics would provide a big publicity opportunity for the global tech behemoth.

Hana Tour, the country’s No. 1 travel service picked by KB Securities Co., was the second-best performer, with its share price rising 2.28 percent over the cited period.

Flat panel giant LG Display, recommended by Mirae Asset Daewoo and KB Securities, came next with a 1.83 percent increase in its share price.

During the period, the benchmark KOSPI increased 1.82 percent.

By Song Seung-hyun and newswires (ssh@heraldcorp.com)

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