Samsung Electronics shares extend gains, hit fresh lifetime high
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)
- Tweet this
- Share this
- Digg this
- UPDATE 10-Vice-principal of South Korea school in ferry disaster commits suicide
- UPDATE 3-Avalanche kills at least 12 guides in deadliest incident on Mount Everest
- India passes halfway mark in election with BJP gaining strength
- Vice-principal of South Korea school in ferry disaster commits suicide
- Mediterranean diet may slow diabetes progression
Weibo Corp executives on Thursday toasted the Chinese social media firm's debut at Nasdaq's New York headquarters. Hours earlier in Beijing, Charles Xue, a Chinese-American venture capitalist and prominent Weibo user, celebrated a different kind of coming-out: his release after eight months in jail. Full Article
Tech workers seek to use Steve Jobs evidence in upcoming trial on no-hire accords Full Article