Top Investors Bet on SK Innovation Amid Oil Price Rally Hopes

Top-performing investors are buying SK Innovation and S-Oil shares, signaling expectations for rising oil prices.

According to Mirae Asset Securities, SK Innovation was the most purchased stock on the morning of the 6th among the firm's top 1% investors by returns over the past month. S-Oil ranked third in net purchases among these high-performing traders.

As of 11 a.m., SK Innovation was trading at 124,800 won, down 1.34% from the previous session, according to the Korea Exchange. S-Oil fell 4.45% to 128,700 won.

Despite refinery stocks struggling due to crude oil supply concerns from potential Strait of Hormuz disruptions, elite investors continued accumulating positions.

SK Hynix ranked second in purchases despite falling 3.29% on the day, following a 10.84% surge the previous session. Foreign selling pressure drove the decline. However, top performers appear to view the pullback as a buying opportunity amid expectations for solid semiconductor earnings. Samsung Electronics ranked sixth in purchases.

Rainbow Robotics, an industrial robot manufacturer, ranked fourth in purchases but traded at 806,000 won, down 3.70%. Alginomics, an RNA-based gene therapy developer, rose 4.63% to 158,100 won, ranking fifth.

Top sell positions included Daeduck Electronics (up 5.90%), Hyundai Motor (down 0.73%), Poongsan (up 3.13%), Olix (up 5.20%), and Doosan Enerbility (up 1.22%).

The previous day's top purchases were SK Innovation, Ilginomics, Hyundai Motor, and G2G Bio. Top sells included SK Hynix, Olix, Samsung Electronics, and Rainbow Robotics.

Mirae Asset Securities publishes real-time, daily, and five-day trading data from its top 1% clients on its mobile trading system. The firm noted this data represents simple information unrelated to company opinions and does not guarantee investment returns. Investors should exercise caution with theme stocks due to potential sharp price swings.