Samsung Electronics shares extend gains, hit fresh lifetime high

SEOUL Thu Nov 22, 2012 10:35am IST

People use the Galaxy Note II after a news conference announcing Samsung's update to its phone-tablet hybrid in New York, October 24, 2012. REUTERS/Shannon Stapleton

People use the Galaxy Note II after a news conference announcing Samsung's update to its phone-tablet hybrid in New York, October 24, 2012.

Credit: Reuters/Shannon Stapleton

Related Topics

Stocks

   

SEOUL (Reuters) - Shares in Samsung Electronics Co Ltd (005930.KS) rose 2.5 percent on Thursday to a new lifetime high of 1.419 million won, propelled by expectations that its mobile business will continue to lead strong profit growth.

The world's biggest smartphone maker with a market capitalisation of around $205 billion, had previously peaked at 1.418 million won per share in May and has climbed more than 30 percent since its recent low hit in early July.

(Reporting by Miyoung Kim; Editing by Matt Driskill)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

The Big IPO

Reuters Showcase

Apple Update

Apple Update

Bug delays Apple's HealthKit availability on iOS 8.  Full Article | Related Story 

Infosys -Huawei Deal

Infosys-Huawei Deal

Infosys partners with China's Huawei for cloud-based projects  Full Article 

New iPads

New iPads

Apple to unveil new iPads, operating system on Oct. 21 - report.  Full Article 

Alibaba IPO

Alibaba IPO

Alibaba set to price IPO shares amid investor frenzy  Full Article | Related Story 

Data Security

Data Security

Apple hiring manager to handle China government data requests  Full Article | Related Story 

Banking On PlayStation

Banking On PlayStation

Sony PlayStation chief: hopes games unit can raise profit outlook this year  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage