Mirae Asset’s stock price climbed for five consecutive trading days with the recent acquisition of KDB Daewoo Securities. The stock closed at 21,550 won on Dec. 28, 9.67% up from the previous trading day.
The daily trading volume also increased sharply, recording 4,746,000 stocks. LIG Investment & Securities said “Both the expectations from the acquisition of Daewoo Securities and a recovery from the recent plunge are reflected in the stock price.”
Shinhan Investment adjusted Mirae Asset’s target stock price from 23,000 to 26,000 won, saying “With their own strengths, Daewoo Securities and Mirae Asset Securities are expected to create a synergy effect.”
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