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:

Tech Wrap

REUTERS SHOWCASE

Lakhvi's Bail

Lakhvi's Bail

Pakistan court bails man accused of masterminding Mumbai attack.  Full Article 

PM's Moves

PM's Moves

Modi moves in to speed up $300 billion stuck projects.  Full Article 

Space Programme

Space Programme

ISRO tests its heaviest space launch vehicle, eyes global market.  Full Article 

"PK" in Cinemas

"PK" in Cinemas

Secret of year's "biggest" Bollywood film is its plot.  Full Article 

Priya's Shakti

Priya's Shakti

Rape survivor turns "superhero" in India's first digital comic.  Full Article 

U.S.-Cuba Ties

U.S.-Cuba Ties

U.S., Cuba restore ties after 50 years.  Full Article 

Threat Works

Threat Works

Sony cancels N.Korea movie in apparent win for Pyongyang hackers.  Full Article 

Safety Concerns

Safety Concerns

Uber plans tighter screening for drivers.  Full Article 

Reuters India Mobile

Reuters India Mobile

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