Summary
- The Kospi's record rally pushed the monthly number of large orders worth at least 100 million won to an all-time high for any month in April.
- This month, as the Kospi extended its rally and rose above 7,000 for the first time, retail investors' orders worth at least 100 million won jumped 53%% from April on a daily average basis.
- Retail investors' large-scale buying was concentrated in large-cap semiconductor stocks, with Samsung Electronics and SK Hynix accounting for 30%% of all large orders in April.
Forecast Trend Report by Period
The Kospi's run to fresh records also drove the number of retail stock orders worth at least 100 million won ($72,500) to an all-time monthly high.
According to the Korea Exchange on May 10, retail investors placed 1,193,158 orders worth 100 million won or more on the Kospi market in April. That was up 16.8% from 1,021,744 in March and marked the highest monthly total on record.
The previous monthly record was 1,153,301, set in January 2021.
The Kospi, rebounding from the impact of the U.S.-Iran war, surged 30.61% in April.
The rally has continued this month, with the index topping 7,000 for the first time. Through May 7, the daily average number of retail orders worth at least 100 million won stood at 83,067, up 53% from April's daily average of 54,234.
Most of the large orders were concentrated in big semiconductor stocks. Samsung Electronics drew the most retail large orders in April, at 204,025, followed by SK Hynix with 142,668. Together, the two stocks accounted for 30% of all such orders placed last month.
They were followed by Daewoo Engineering & Construction with 56,143 orders, Samsung SDI with 26,155, Hyundai Motor with 24,475 and Taihan Cable & Solution with 24,400.
Han Kyung-woo, Hankyung.com reporter, case@hankyung.com
Korea Economic Daily
hankyung@bloomingbit.ioThe Korea Economic Daily Global is a digital media where latest news on Korean companies, industries, and financial markets.
