Shares of KB Financial Group Inc (KB) Sees Large Outflow of Money

KB Financial Group Inc (KB) : The money flow is calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades, which was negative (3.95 million) in KB Financial Group Inc (KB). On Thursday, The value of composite uptick trades was $0.29 million, whereas, the value of composite downtick trades was $4.23 million and the ratio between the two was 0.07, indicating selling on strength. Traders involved in block trades booked profits in their holdings as seen in the transactions on downticks valued at $3.9 million. The negative money flow of ($3.9 million) shows selling on strength. KB Financial Group Inc (KB) gained $0.01 intraday at $27.55 and registrered 0.04% for the week.


The stock has recorded a 20-day Moving Average of 3.8% and the 50-Day Moving Average is 4.52%.

KB Financial Group Inc (NYSE:KB): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $27.77 and $27.50 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $27.87. The buying momentum continued till the end and the stock did not give up its gains. It closed at $27.57, notching a gain of 0.11% for the day. The total traded volume was 203,634 . The stock had closed at $27.54 on the previous day.

KB Financial Group Inc. (KB Financial Group) is a financial holding company in Korea. The Companys operations include Kookmin Bank, a commercial bank in Korea. The Company operates through six business segments: retail banking operations, which include retail banking services provided by Kookmin Bank; corporate banking operations, which include corporate banking services of Kookmin Bank; other banking operations, which include Kookmin Banks banking operations other than retail and corporate banking operations, including treasury activities; credit card operations, which include credit card activities conducted by KB Kookmin Card Co., Ltd.; investment and securities operations, which include securities brokerage, investment banking, securities investment and trading and other capital markets services conducted by KB Investment & Securities Co., Ltd., and life insurance operations, which include life insurance and wealth management services provided by KB Life Insurance Co., Ltd.

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