[한국금융신문 홍승빈 기자]
Samsung Group stocks recovered from the previous day’s decline in stock prices in one day. eve Jaeyong Leeclose
Jaeyong LeeCollect articles Samsung Electronics’ vice chairman appears to escape from the shock of arrest.
According to the Korea Exchange on the 19th, Samsung Electronics finished trading at 87,000 won, up 2.35% (2,000 won) from the previous trading day. Samsung Electronics’ preferred stock also traded at 76,400 won, up 2.41% (1800 won) from the previous day.
Samsung Electronics started trading at 84,500 won, which is 0.59% (500 won) lower than the battlefield, and dropped to 1.65% (1400 won), but after that, the buying trend turned to the uptrend.
In addition, Samsung Electro-Mechanics (4.81%), Samsung SDI (3.68%), Samsung Securities (3.20%), Samsung SDS (1.52%), Samsung Life Insurance (1.40%), Samsung C&T (0.70%), etc. Most of the Samsung Group stocks rose all at once.
On the previous day, the first criminal division of the Seoul High Court (Judge Jung Joon-young Song Young-seung, Deputy Judge Kang Sang-wook) sentenced Vice Chairman Lee, who was charged with bribery and other charges, to imprisonment for two years and six months, and arrested the court. As the news was delivered, Samsung Electronics’ stock price fell 3.41% to close at 85,000 won.
In addition, Samsung Life Insurance (-4.96%), Samsung SDI (-4.21%), Samsung Engineering (-3.65%), Samsung SDS (-3.19%), Samsung Heavy Industries (-2.74%), Samsung Fire & Marine Insurance (-2.42%) , Samsung Securities (-2.29%) and Samsung Biologics (-1.99%) also fell at the same time.
In light of the past cases in the industry, it is predicted that the impact on the stock price will only be in the short term even after the sentence of Vice Chairman Lee’s first trial sentence.
Choi Yoo-jun, a researcher at Shinhan Investment Corp. analyzed, “After Vice Chairman Lee Jae-yong was sentenced to the first trial in August 2017, the stock price of Samsung Group was sluggish, but the impact was limited in the short term.”
Researcher Choi also said, “There may be some uncertainty about management decisions due to the absence of the owner, but in the past, we believe that the stock price will follow the value of the main business.” “The current stock price level is higher than in the past, so the volatility will be higher. It is possible, but the influence will gradually decrease.”
In fact, when Vice Chairman Lee was arrested in 2017, the stock price of Samsung Group stocks temporarily declined, but returned to its place.
On February 17, 2017, on the day of Vice Chairman Lee’s arrest, Samsung Electronics closed the transaction at 1893,000 won (before the par value split), down 8,000 won (0.42%) from the previous day. Samsung C&T (-1.98%), Samsung Life Insurance (-1.40%), Samsung Fire & Marine Insurance (-0.39%), Samsung SDS (-0.78%) and most of Samsung Group stocks fell.
However, the downtrend did not last long. Samsung Electronics rebounded 2.11% (1933,000 won) from the previous trading day on February 20, the next trading day. On March 6, it rose to the 2 million won range, and on March 17, the first month of Vice Chairman Lee’s arrest, it reached the record high of 2.1 million won.
Reporter Seungbin Hong [email protected]