January 04, 2021 13:09
Hordes of individual investors snapped up Samsung Electronics shares last year, narrowing the gap with institutional shareholders to the smallest margin in history with just 0.6 percent.
There are an estimated 2 million small Samsung shareholders with a stake of less than one percent, meaning four out of 100 Koreans hold shares in the behemoth.
As of the end of 2020, 6.5 percent of Samsung Electronics shares were held by individual investors, up 2.9 percentage points from a year ago.
But the shares of institutional investors excluding the National Pension Service dropped from 8.7 to 7.1 percent. That reduces the gap between them from 5.1 to 0.6 percent.
Shares held by foreigners also fell from 55.9 to 54.5 percent.
The number of small shareholders has jumped threefold compared to three years ago, rising particularly steeply last year.
Between April and September, when the stock market crashed amid the coronavirus epidemic, 389,651 individual investors bought 13.61 million Samsung shares or an average of just 35 shares per person.
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