Samyang Foods shares jump after record first-quarter earnings

Samyang Foods’ share price rose sharply in early trading on May 14 after the company disclosed its highest-ever first-quarter results. As of 9:25 a.m., the stock was trading at 1,394,000 won, up 99,000 won, or 7.64%, from the previous session. According to the original headline, the early-session gain had at one point expanded into the 13% range. The move reflects investor reaction to the company’s announcement of record quarterly performance. The earnings news appeared to support buying interest and influence the stock’s early trading pattern. Further movement may depend on market assessment of the disclosed first-quarter results and subsequent trading demand. Source: mk.co.kr