[천지일보=김현진 기자] The trend toward large-cap stocks is accelerating, as the share of transactions of companies with the highest KOSPI market capitalization is increasing while the KOSPI is on the verge of buying from individual investors.
According to the Korea Exchange on the 12th, the trading value of KOSPI’s large-cap stocks on the 11th was 32,982 billion won, accounting for 74.2% of the total trading volume of the securities market (44,433.8 billion won). This is the highest level since March 25th (74.7%) last year.
By category, Samsung Electronics was the largest with 8,379.2 billion won, followed by Hyundai Motors (3,919.2 billion won), SK Hynix (1,509.7 billion won), and Kakao (1,4129 billion won). This seems to have been a trend as individual investors bought by large stocks.
KOSPI’s large stocks represent the top 100 stocks in the market cap. It is changed regularly in March from the last trading day of February every year. However, preferred stocks and newly listed stocks are excluded, so Samsung Electronics Woo, SK Biopharm, and Big Hit are not included.
In fact, until the 11th this year, the stock with the largest individual net purchase was Samsung Electronics. The net purchase amount reached 3,802.9 billion won, accounting for about 61%, which is well over half of the total net purchase amount (6.238 trillion won).
During the same period, other large-cap stocks such as LG Electronics (643.2 billion won), Hyundai Mobis (304.5 billion won), SK Hynix (2462 billion won), and Celltrion (244.3 billion won) have also placed in the top positions in net buying. However, it shows a big difference from Samsung Electronics.
Last year, Samsung Electronics was by far the best in individual net purchases with 9.500 billion won. I posted this name. Most of the individual net purchases were concentrated on the so-called’smart representative stock’.
This was concentrated on large-cap stocks due to good news such as the fact that foreigners’ supply and demand is also focused on large-cap stocks, the theory of cooperation with Apple (Hyundai Motor) and expectations for the semiconductor industry (Samsung Electronics).
In the new year, the KOSPI large stock index rose 11.0%, exceeding the increase rate of the KOSPI index (9.6%).
Kim Dae-jong, a professor at Sejong University’s Department of Business Administration, said in a phone call with the Cheonji Ilbo, “Our country has a risk of geopolitical location such as North Korea risk, and it has a weakness that it could become a victim if the US-China trade war unfolds. Because non-good stocks are vulnerable to such risks, the way to avoid them is to buy high-quality stocks such as Samsung Electronics, and individuals also seem to have reflected this and bought mainly large stocks within the 30th place in the market cap.”
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