April 23, 2021 11:21
Retail investors have bought W20.06 trillion worth of Samsung Electronics shares so far this year, which is even more than the W15.7 trillion they spent over the whole of last year, when the stock started booming (US$1=W1,118).
Half of all W40.98 trillion worth of shares retail investors bought in the domestic stock market until this week were Samsung Electronics.
They snapped up W16.95 trillion worth of ordinary shares and W3.12 trillion worth of preferred shares.
Most seem to be novices. Samsung Securities analyst Chung Myung-ji said, "First-time stock investors probably chose Samsung Electronics because they want to invest in a well-known company that seems to entail the lowest risk. Even conservative investors felt they would lose out if they kept their money in the bank and chose Samsung stocks instead that are largely stable and promise dividends."
The price of per share soared from W81,000 late last year to W96,800 in intraday trading on Jan. 11 but then stabilized in the mid-80,000 range. The average buy price of Samsung shares by retail investors so far this year is W84,700, though Thursday's closing price was W83,400.
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