Samsung Electronics·Hynix·LG Chemicals Strong
January effect, leading the rise in EV-related stocks
On the 4th, the first opening day of the stock market in 2021, the KOSPI started on an uptrend and broke through the 2930 line during the week.
Securities companies are approaching 2990, the top of the January KOSPI prediction band. Despite the observation that the KOSPI, which has risen by 28% per year, will be taking a breath, it is analyzed that the’January effect’ and the EV-related value chain are raising the share price.
According to the Korea Exchange, as of 11:30 am on the day, the KOSPI recorded 2932.97, an increase of 59.50 points (2.07%) from the previous trading day. Individual investors net purchase 70.8 billion won and receive net sales from institutions (696.9 billion won) and foreigners (33.2 billion won). At the beginning of the market, thanks to personal supply and demand, the KOSPI reached 2891, a record high during the week. Oh Hyeong-seok, head of Samsung Securities Center, explained, “Because it continued to rise at the end of last year and ended, the reason for the soaring stock price was that individuals bought aggressively at the beginning of the year with an optimistic outlook.”
On this day, the share price of the EV-related value chain was particularly strong. With the news of mass production of the EV platform, LG Chem related to secondary batteries and batteries is trading 6.55% higher than the previous trading day, and SK Innovation 15.79%. The 3rd leader of the KOSPI, who led the stock market last year, is also leading the stock market. Samsung Electronics and SK Hynix are currently trading 3.58% and 5.06% higher than the previous trading day, respectively. Kiwoom Securities raised the target price of Samsung Securities to 100,000 won based on the prospect of semiconductor boom. Park Yoo-ak, a researcher at Kiwoom Securities, explained, “We believe that the acquisition of new foundry customers, an increase in the Exynos market share, and improvement in the DRAM industry will lead to an additional rise in the share price of Samsung Electronics, rather than sluggish short-term earnings in the fourth and first quarters of last year.”
Kakao, which showed an annual increase of more than three digits, slightly increased 0.90%, while Naver is trading at 1.20% on the same day. In the stock market, it was considered promising to increase the proportion of cyclical value stocks such as steel, shipbuilding, and finance rather than growth stocks as the market changed from liquidity market to earnings market in the first half of this year. The analysis is that the biggest change is that the color of the stock market, which preemptively reflects the vaccine effect of the novel coronavirus infection (Corona 19), has changed from on-contact to contact. Even if the leading stock of the stock market changes, as long as the Donghak ant fever continues, the KOSPI 3,000 line this year is expected to be okay. Individuals net bought 47,49 trillion won, a record high in KOSPI last year.
Reporter Kim Bo-reum [email protected]