On the 24th, Samsung Electronics finished the transaction at 7,800 won, up 5.28%, changing its all-time high. This is the largest increase since July 28th (5.39%). On this day, the KOSPI index, led by Samsung Electronics, rose 1.70% to 2806.86, reaching the first high of 2800 units. Experts explain that in the year-end dividend season, Samsung Electronics, which has high expectations for special dividends, has occurred early next year.
The market capitalization of Samsung Electronics and Samsung Electronics reached 524 trillion 353 billion won. It has been 40 days since it surpassed 400 trillion won on November 13th. Compared to the fact that it took 3 years and 10 months to reach 400 trillion won after surpassing 300 trillion won on January 11, 2017, it is an instant.
The rising trend on this day was led by the institution. During the intraday, Samsung Electronics was net purchase worth 288.5 billion won. Foreigners also net bought 14.5 billion won, but their proportion to the volume was only 7.7%, which was a wait-and-see attitude. On this day, the individual made a net sale of 306.7 billion won, actively making profits. As the number of purchases concentrated on Samsung Electronics, the market even said that it’eats all other stocks’. Of the top 50 stocks in the securities market on this day, excluding Samsung Electronics and Samsung Electronics, only 8 stocks rose higher than the KOSPI index (1.70%).
The main reason for the surge in Samsung Electronics’ share price was expectations for special dividends. The ex-dividend date this year (the day when the right to receive dividends disappears) is the 29th. You have to buy stocks by the 28th to receive dividends. In accordance with the shareholder return policy promised in 2018, Samsung Electronics is highly likely to implement special dividends or buybacks early next year. This means that if you buy Samsung Electronics by the 28th, you will have the right to receive special dividends in addition to the quarterly dividend per share (354 won). Kim Dong-won, a researcher at KB Securities, said, “Expectations for special dividends ahead of the dividend ex-date have raised the stock price.”
Individuals net sold Samsung Electronics for two days in a row until this day, but in December, the net purchase amount of Samsung Electronics was KRW 1.63 trillion. During the same period, foreigners net sold 1,396.7 billion won. In particular, individuals net bought Samsung Electronics for over 2 trillion won from the 8th to the 22nd, when foreigners net sold for 11 consecutive trading days. Individuals’ strategies to live when foreigners sell are falling right.
Samsung Electronics became the number one public contributor even though the KOSPI index, which had the stigma of ’10 years’ boxpe’, broke through the 2600 box range. On the 23rd of last month when the KOSPI rose to the 2600 line, the total market capitalization of the KOSPI was 1786 trillion 99.2 billion won. On the 24th, it increased to 1936,826 billion won. During this period, the market capitalization of Samsung Electronics and Samsung Electronics increased by KRW 71,198.9 billion. It means that 47.5% of the increase in the KOSPI market capitalization is attributed to Samsung Electronics.
Reporter Yoonsang Ko [email protected]
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