December 07, 2022 13:44
The number of retail investors who own Samsung Electronics shares rose close to a million this year even though the stock value halved from a peak of W100,000 last year to around W50,000 this year (US$1=W1,319).
According to the Korea Securities Depository, investors who own Samsung Electronics' ordinary shares increased by 971,000 to 6.02 million as of September, almost a three-fold increase from the end of 2020 and up 10 times from late 2019.
The number of retail investors who own preferred shares also rose from 1.29 million in late 2021 to 1.4 million so far this year.
Jung Myung-ji at Samsung Securities said, "Samsung Electronics' share price fell this year, forcing existing shareholders to hold on to them until they recover, while new investors appear to have bought them on a bargain hunt."
SK Hynix' retail investors also increased by 113,000 so far this year even though the stock plunged, raising the total to 984,000. Over the same period, Naver shareholders increased by 304,000 to 1.08 million and Kakao shareholders by 109,000 to 2.02 million.
Analysts say retail investors sought refuge in blue-chip stocks during the bear market. Pyun Deuk-hyun at NH Investment and Securities said, "When stock prices showed no signs of rebounding, investors shifted to blue-chip shares that have fewer risks of tanking."
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