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Shinhan Financial Group Shares Soar 1.77% on NPS Stake Increase
Generated by AI AgentAinvest Movers Radar
Monday, Apr 21, 2025 6:31 pm ET1min read
Shinhan Financial Group (SHG) shares surged 1.77% today, reaching their highest level since February 2025 with an intraday gain of 2.46%.
Shinhan Financial Group's stock price has been influenced by several key factors. The company's largest shareholder, NPS, increased its stake from 8.60% to 8.64% as of March 31, 2025. This increase in shareholding is likely to have a positive impact on the stock price, as it indicates confidence from a major investor.
Additionally,
is expected to deliver positive earnings growth in the first quarter of 2025. This is a significant turnaround from the previous quarter's bottom-line contractions, and it is likely to boost investor sentiment and drive the stock price higher.On April 21, 2025, Shinhan Financial Group Co., Ltd. announced an increase in the number of shares. This announcement is likely to have a positive impact on the stock price, as it indicates the company's confidence in its future growth prospects and its ability to attract new investors.
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