SK hynix (000660.KS), Samsung Electro-Mechanics (009150.KS) and LG Electronics (066570.KS) were the most net-bought stocks among high-performing investors trading through Mirae Asset Securities (006800.KS) on the morning of the 9th.
According to Mirae Asset Securities, SK hynix was the stock most heavily purchased by 11 a.m. by "elite stock traders" — clients ranking in the top 1% by investment returns over the past month. SK hynix was trading at 2,168,000 won as of 11 a.m., up 4.43% from the previous trading day.
Daishin Securities earlier raised its target price for SK hynix to 3.9 million won, forecasting that the company's U.S. Nasdaq American depositary receipt (ADR) listing scheduled for the 10th of this month would improve access for global investors. The strong buying by elite traders is seen as a response to this combination of positive catalysts.
Samsung Electronics (005930.KS), by contrast, topped the net-selling list. The stock was trading at 279,000 won at the same time, up 0.54% from the previous trading day, suggesting that large volumes of short-term profit-taking emerged as the share price rebounded. Kiwoom Securities previously cut its target price for Samsung Electronics from 430,000 won to 390,000 won, projecting that earnings-per-share (EPS) growth would slow sharply in the second half and that volatility would increase depending on shifts in the memory industry.
Samsung Electro-Mechanics ranked second in net buying. The stock was trading at 1,480,000 won at the same time, up 0.07% from the previous trading day. Samsung Electro-Mechanics, which ranked second in net selling the previous day, climbed to second in net buying just one day later, showing a clear reversal in trading flows. LG Electronics ranked third in net buying. The stock was trading at 179,400 won at the same time, down a steep 8.38% from the previous trading day. Elite traders appear to have concentrated bargain-hunting purchases as the share price plunged during the session, treating the drop as an opportunity.
Other top net-bought stocks included Mirae Asset Securities (39,250 won, -3.09%), Jeju Semiconductor (79,000 won, +4.77%), Samsung SDI (401,000 won, -2.67%) and Hanwha Ocean (81,000 won, -1.22%).
As of 11 a.m., the top net-sold stocks after Samsung Electronics were Hyundai Motor (005380.KS) (446,000 won, -3.57%), Samsung Electronics preferred shares (188,700 won, +0.96%), FADU (71,400 won, +10.36%) and HYBE (219,500 won, -4.57%).
On the 8th, the previous trading day, the top net-bought stocks were LG Electronics, Hyosung Heavy Industries and Samwha Capacitor, while the top net-sold stocks were SK hynix, Samsung Electro-Mechanics and Hyundai Mobis. Stocks that ranked among the most sold the previous day moved to the top of the buying list just one day later, reflecting rapid-fire trading amid extreme market volatility.
Mirae Asset Securities compiles the trading activity of clients ranking in the top 1% by returns over the past month and publishes the data on its mobile trading system (MTS) on a real-time, previous-day and five-day basis. The statistics are provided for informational purposes only, are unrelated to Mirae Asset Securities' investment opinions, and do not guarantee returns or suitability for individual investors. Investors should also note that theme stocks carry the risk of abnormal price swings.
