The top 1% return on equity investment was found to have bought LS the most and Samsung Electro-Mechanics sold the most in early trading on the 3rd. Although the KOSPI, which plunged nearly 4% the previous day, rebounded, ultra-high players selected power infrastructure stocks whose stock prices were behind rather than chasing the entire market. On the other hand, financial stocks such as Hanwha Life Insurance, which surged by double digits, KB Financial Group, Samsung Fire & Marine Insurance, and Hana Financial Group have begun to realize profits.
사진 확대 Top net buying stocks in super high stock prices. Photo = Mirae Asset Securities Co
According to Mirae Asset Securities on the 3rd, LS was the most net buyers by 9:30 a.m. for the top 1% of stock investment returns in the past month. SK Square, Mirae Asset Securities, BH, and Samsung SDI followed, while Hanwha System, Jeju Semiconductor, HD Hyundai Electric, Daekettle Materials, and LS ELECTRIC were also listed in the top 10 net buyers.
The most noticeable part is the power infrastructure. LS jumped from 10th in net purchase the previous day to the top of the day, while HD Hyundai Electric and LS ELECTRIC also entered the top ranks. Given that all three stocks were weak in the early 1 percent range in the market, buying was concentrated, it is more likely to be a pushback than an upward chase.
It is believed that the mid- to long-term growth logic of the power device industry is still solid. This is because domestic wire and transformer companies are expected to expand orders due to a surge in demand for electricity due to the expansion of artificial intelligence (AI) data centers and the reorganization of power supply chains in the U.S. Since the U.S. tightened regulations on Chinese power devices, major domestic companies have rebounded strongly and have been adjusted again. The inflow of funds itself continues. Net assets of exchange-traded funds (ETF) related to AI power infrastructure in Korea have increased more than 10 times since the beginning of the year, and major incorporation stocks include LS ELECTRIC and HD Hyundai Electric. Analysts say that the recent stock price adjustment was used as an opportunity to buy in the process of expanding the AI investment cycle from semiconductors to the data center power grid.
SK Square, the second-largest net buyer, is also a stock that has seen an influx of low-priced purchases since the previous day’s plunge. It was pushed back by nearly 8% the previous day and rebounded early in the day. As only SK Hynix’s stake out of the total net asset value (NAV) of 252 trillion won exceeds 247 trillion won, the fact that the discount to NAV has grown again due to the recent adjustment seems to have attracted the purchase.
Mirae Asset Securities’ trading direction was also reversed in one day. It was fourth in net sales the day before, but it rose to third in net purchases on the day. Securities stocks fell along with the KOSPI falling nearly 4% the previous day due to geopolitical risks from the Middle East and soaring interest rates, but the domestic stock market started to rise around 1% as the U.S. Treasury yield calmed down. In early trading, while foreigners and institutions showed a selling advantage, a technical rebound was seen mainly in stocks that had a large fall the previous day.
사진 확대 Top net selling stocks in super high stocks. Photo = Mirae Asset Securities
Samsung Electro-Mechanics topped the net selling list. In other words, it sold the most stocks in just one day, which was the second-largest net buyer the day before. Due to the lack of supply of flip-chip ball grid arrays (FC-BGA) and multilayer ceramic capacitors (MLCC) for AI, they chose to realize short-term profits over additional purchases. Samsung Electronics also remained at the top of net selling following the previous day. In early trading, Samsung Electronics once rose to the late 1% range and SK Hynix to the 2% range and then reduced its rise. Investor sentiment improved last night as the rise in government bond rates subsided on the New York Stock Exchange, but the upward momentum of large semiconductor stocks was limited in Korea as foreigners and institutions sold net in the electric and electronic industries.
Financial stocks were more prominent in the sell-off. Hanwha Life Insurance jumped by double digits in the early part of the market to rank fourth in net selling, while KB Financial Group, Samsung Fire & Marine Insurance and Hana Financial Group were also at the top of net selling in the 3-5% range, respectively. Recently, financial stocks have emerged as a representative defense in the face of rising global interest rates. Bank stocks were relatively strong in the previous day’s bear market as prices and interest rates jumped at the same time due to the resumption of clashes between the U.S. and Iran. As the trend continued until this day and the scope of the rise expanded, it is interpreted that supertakers chose to confirm their profits instead of chasing.