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Samsung Heavy Industries Shares Fall 2% in Early Trading on Profit-Taking After Previous Day's Surge... Expectations for Shipbuilding Order Recovery Remain

Samsung Heavy Industries is showing a downward correction in early trading on the 18th, following a strong rally in the previous session. As of 9:30 a.m. today,

CBC News Desk
Staff Reporter
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Samsung Heavy Industries Shares Fall 2% in Early Trading on Profit-Taking After Previous Day's Surge... Expectations for Shipbuilding Order Recovery Remain
CBC News

Samsung Heavy Industries is showing a downward correction in early trading on the 18th, following a strong rally in the previous session.

As of 9:30 a.m. today, Samsung Heavy Industries' stock price is trading at 28,350 won, down 600 won (2.07%) from the previous trading day. During the session, the price dropped to as low as 28,300 won, widening the decline. Trading volume has exceeded 2.6 million shares, with active trading continuing.

This downward trend is interpreted as the effect of short-term profit-taking sell-off, given the stock surged more than 4% the previous day. As the share price has risen sharply in a short period recently, investors' moves to realize gains have accompanied the trend.

Recovery in Shipbuilding Industry and Expectations for New Orders Persist

The market assesses that with improved investment sentiment toward the shipbuilding sector recently, Samsung Heavy Industries is also drawing attention driven by expectations for new orders and prospects for an industry recovery. Analysts note that expanding global energy transport demand and increased orders for high-value-added vessels are serving as positive factors for the overall shipbuilding industry.

In particular, many cite Samsung Heavy Industries as a major beneficiary of the industry's recovery, based on its competitive edge in liquefied natural gas (LNG) carriers and offshore plant sectors.

Stock market experts believe that while the overall order environment for shipbuilding stocks continues on a favorable trend, there is a possibility of repeated fluctuations driven by supply and demand changes in the short term. Accordingly, investors are keeping an eye on future order disclosures and whether earnings will improve.

[※ This article was written with the assistance of AI. Investment decisions are the sole responsibility of the investor, and the content included in this article may change depending on market conditions.]

CBC News Desk
Staff Reporter

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