Bank stocks down 5 in 8.54%; second-half interest rates and dividends in focus
The KRX Banks Index 5(4–29) fell by 8.54 from the start of the year through the end of last month, it had been up 30, and securities firms expect the possibility of a Bank of Korea rate hike in the second half and expanded shareholder returns to provide a catalyst for a rebound in share prices.25.16 was up
31According to the Korea Exchange on, KRX Banks fell by 5 over the month of 4–29)8.54 over the same period. The KRX Banks Index includes bank stocks such as KB Financial Group, Shinhan Financial Group, Hana Financial Group, Woori Financial Group and Industrial Bank of Korea.28.45 rose
The 5 weakness in bank stocks is seen as reflecting some profit-taking. KRX Banks had risen 30 from the start of the year through the end of last month. Recently, as concentration in certain sectors has intensified, the relative weakness of bank stocks has come into focus.25.16 by
Securities firms point to the possibility of a Bank of Korea rate hike in the second half. The view is that a rate hike could affect banks' net interest income. Expectations for major banks to step up shareholder-return policies have also been noted.
The article notes that, while securities analysts have offered a positive outlook, share prices are currently trending lower. Specific announcements by individual companies and any promised dividend plans should be confirmed through each company’s disclosures. The impact of sector concentration in the market on bank stocks is also being monitored.
This is a summary of the reported facts. No additional information beyond what appeared in the article has been included. Investment decisions should be made after each person conducts their own verification.
Sources: 파이낸셜뉴스 증권
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