SEOUL, 28 Dec. (Yonhap) – A large number of South Korean small investors have chosen shares of Samsung Electronics Co. this year, offering a high yield, data from the Korea Exchange (KRX) showed on Monday.
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Local retail investors bought a net volume of 14.7 trillion won ($ 13.3 billion) of common and preferred shares in Samsung Electronics Co. until last Thursday, the data showed.
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Massive buying by small investors has helped the stock of the world’s leading smartphone and memory chip maker to be the most bought among publicly traded companies.
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The leading auto maker, Hyundai Motor Co., took second place with a net worth of 2.6 trillion won, followed by the country’s leading internet portal Naver with 2.2 trillion won and the operator of the main app for Kakao courier (1.4 trillion won).
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Until Thursday, individuals have posted a return on investment of 46.7% with the title Samsung.
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Small investors also got a 51.6% return on their investments in Hyundai Motor, which is well above the 27.7% rise of the Kospi (Korea Composite Stock Price Index), the benchmark index of the Seoul Stock Exchange this year.
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On the other hand, they recorded a negative return on their investment with their shares SK Biopharmaceuticals, Kakao Games and Big Hit Entertainment, whose IPOs also attracted many investors.
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Market watchers have predicted that retail investors are expected to lead the stock market next year after acquiring 63.6 trillion won shares on the Seoul Stock Exchange and secondary market this year.
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