[이코노믹리뷰=정다희 기자] The KOSPI index once exceeded 3000 points and then closed down again. Analysis suggests that the correction of the rising KOSPI may begin without a break for 7 consecutive trading days. Even in the sale of foreigners and institutions, individuals bought more than 2 trillion won during the week.
According to the Korea Exchange on the 6th, the KOSPI index on the day closed at 2968.21 points, down 0.75% from the previous trading day. Even in the sell-off of foreigners and institutions, individuals net bought 1.729.3 trillion won, supporting the downward index. Of this, KRW 1,131 trillion was concentrated in Samsung Electronics.
As the individual’s strong buying trend continued for 3 consecutive days, interest in the stocks they bought is attracting. The top five stocks that individuals bought the most on this day were Samsung Electronics, Kia Motors, LG Electronics, Kakao, and Samsung Electronics.
The most sold stocks were Doosan Fuel Cell, SK, Kakao, Korea Financial Group, and Hana Financial Group.
Selected large-scale high-quality stocks such as Smart Ant and Samjeon
The stock that individual investors bought the most last year was Samsung Electronics. The total amount is 9,595 billion won. Along with anticipation of improving the semiconductor industry, it bought an additional 2,291.6 billion won for a total of three trading days from the 4th to this day, the first trading day of the new year.
If you bought Samsung Electronics for 42,300 won on March 19, last year, when the KOSPI index fell to 1,400 units, the rate of return up to this day will reach 100%. Based on the closing price of the day, Samsung Electronics’ stock price is 82,200 won.
Hyundai Motor Company is the next most bought stock by individual investors. It is worth 2.589.9 billion won. Likewise, it is an industry that is expected to improve the business conditions of large-scale high-end stocks, and its return compared to last March (65,000 won) based on the closing price (203,000 won) on the day is 212%. The same is true for Kia Motors, one of the most bought stocks on the day.
Lee Kyung-min, head of the investment strategy team at Daishin Securities, said, “Last year, the inflow of large amounts of net purchases from individual investors not only improved supply and demand stability, but also played a role in leading the rise.”
Team leader Lee Kyung-min analyzed that “unlike the past, the net purchases of individual investors were mostly concentrated on large-cap stocks.” “We increased the net purchase of high-ranking stocks such as semiconductors, automobiles, and software. This is 81.9%.
Stock market waiting fund’rich’… Leading industry this year
The investment industry believes that the stock market has a wealth of funds, with investor deposits exceeding 69 trillion won (as of 5 days) despite concerns about adjustments due to a short-term surge. Along with the prediction that the individual’s buying trend will continue for the time being, there is also an analysis that the KOSPI has additional upside potential.
Kang Song-cheol, a researcher at Shinhan Financial Investment, said, “In 2020, the proportion of individual investors’ KOSPI transactions exceeded 70%. The individual-led market is highly likely to continue this year.”
Researcher Song-cheol Kang continued, “By industry, we used the earnings surprise rate in the third quarter of 2020 and one-month earnings momentum to select industries with high potential for an earnings surprise in the fourth quarter.” , IT appliances, and chemistry.”
Daishin Securities analyzed that the strategy to increase the weighting of IT (excluding software) and automobiles, which are expected to benefit from the global economic recovery and export improvement this year, is effective. It was recommended to increase the share of the semiconductor and IT home appliances, construction, steel, and transportation industries, which are economically sensitive, from the previous month.
On the other hand, it was recommended to reduce the proportion of software insurance, consumer staples, and cosmetics compared to the previous month.
Manager Lee Gyeong-min, however, decided that it was the beginning, not the end, of surpassing 3000 points in the mid- to long-term. However, in the short term, it would not be easy to settle 3000 points.