Private Investors Make a Mint from Samsung Stocks

  • By Hong Jun-ki

    December 29, 2020 11:58

    Private investors who parked their money in Samsung Electronics stocks enjoyed more than a 40-percent profit this year, according to the Korea Exchange on Monday.

    They snapped up W8.97 trillion worth of Samsung Electronics shares so far this year, making the stock the most popular issue on the Korean bourse (US$1=W1,096).

    Next were Samsung Electronics preferred shares, of which private investors bought W5.72 trillion, followed by Hyundai Motor (W2.62 trillion), Naver (W2.19 trillion) and Kakao (W1.38 trillion).

    Private investors bought Samsung shares at an average price of W53,000 per share, and the stock closed at W77,800 on Thursday, so the rate of return stood at 46.7 percent, which is way higher than the 27.7 percent growth rate of the KOSPI this year.

    Hyundai shares delivered 51.6 percent returns. But the returns of much-hyped tech stocks like Naver and Kakao underperformed with 7.6 percent and 2.1 percent.

    Meanwhile, the overseas stock Korean private and institutional investors bought the most was Tesla. According to the Korea Securities Depository, Korean investors bought US$3.07 billion worth of Tesla shares, followed by Apple ($1.76 billion), Amazon ($867 million), Nvidia ($684 million) and Microsoft ($458 million).

    Koreans bought $105.5 billion worth of foreign stocks, up five-fold on-year.

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