Shinsegae Hits 52-Week High After Q1 Earnings Surprise, Shares Jump 11.78%

Shinsegae reached a 52-week high in early trading on May 13 after announcing strong first-quarter results. As of 9:23 a.m., Shinsegae was trading at 493,500 won, up 52,000 won, or 11.78%, from the previous session. The original report cited the company’s solid first-quarter performance as the background for the stock’s rise. With a double-digit gain early in the session, investor attention was focused on Shinsegae’s earnings and share-price movement. The figures cited in the article are based on the trading price and percentage change at that time. Source: mk.co.kr