.SEOUL, KOREA – Institutional investors are showing keen interest in Seoul Semiconductor in recent days, based on expectations that the LED lighting market will usher into a full-scale growth phaseOn the KOSDAQ over-the-counter market, Seoul Semiconductor closed at 24,300 won on December 7, up 4.74 percent from a day ago. Compared to a month ago, the share price of Seoul Semiconductor marked an 11.5-percent growth, backed by massive net-buying by institutional investors. Over the past one month, institutional investors have made net buying of 30.1 billion won for Seoul Semiconductor
Particularly over the past 10 days, institutional investors’ net buying of Seoul Semiconductor has reached 20.2 billion won, making the company rank No. 1 in terms of the amount of net buying by institutional investors.
LED lighting, thus far, has been hit harder by the global economic slump compared to incandescent and fluorescent lights, due to its higher prices. Industry watchers, however, predicted that the LED lighting market will recover from next year as an increasing number of countries worldwide are accelerating their drive toward banning the use of incandescent lighting.
*Article provided by The Korea Economic Daily