The stocks most heavily bought by high-return investors trading through Mirae Asset Securities on the morning of the 10th were SK hynix (000660.KS), VM, and Ecopro, in that order.
According to Mirae Asset Securities that day, SK hynix was the most-purchased stock through 11 a.m. among "stock masters" — the top 1% of the firm's stock-trading clients by investment return over the past month.
According to the Korea Exchange, SK hynix was trading at 2,216,000 won as of 11:59 a.m., up 1.37% from the previous session. SK hynix announced that day that it had set the initial public offering (IPO) price for 177.9 million American depositary receipts (ADRs) at $149 per share. Given that one ADR corresponds to one-tenth of a Korean common share, the offering price is about 2.9% higher than SK hynix's common stock closing price of 2,186,000 won the previous day. The offering is interpreted as drawing investment demand, as SK hynix is raising a large sum of $26.507 billion (about 40 trillion won) and the ADR price has been set high.
The theory that artificial intelligence (AI) investment has peaked, which has been a source of instability for domestic markets this year, appears to be partly easing. Micron Technology, a U.S. memory chipmaker, announced a plan to invest more than $250 billion by 2035 to respond to rising AI demand. Because chipmakers closely gauge market demand and execute facility investments preemptively, the market took this as a green light for the semiconductor industry's growth. In overnight New York trading, semiconductor stocks surged and all three major indexes rose, with the Nasdaq Composite up 1.30%.
VM, which ranked second, is a company that develops and manufactures etching equipment used in the front-end processes of semiconductor manufacturing. VM's share price was surging 25.64% that day. The rally is being influenced by the partial easing of doubts over the growth of global AI infrastructure investment, along with the government's three major mega-projects. As semiconductor facility investment proceeds, demand for materials, parts, and equipment also increases, which can lift the earnings of related companies over the medium to long term. In that day's market, the shares of semiconductor materials-parts-equipment companies including Jusung Engineering, Wonik IPS, Leeno Industrial, PSK, EO Technics, and Eugene Technology were all showing strength.
Ecopro, which ranked third, is being cited as a candidate for an earnings rebound on the back of strong electric vehicle sales in Europe. Europe's EV sales are said to have returned to growth from March. As EV sales rise, favorable conditions can spread to secondary battery-related companies. The possibility of securing additional customers amid Europe's supply chain localization and strengthening move away from China is also drawing attention.
The top net-sold stocks that day were Samsung Electronics, Mirae Asset Securities, and Samsung Electro-Mechanics, in that order. In the previous session, net purchases were largest for SK Square, Korea Investment Holdings, and LG Electronics, in that order. The top net-sold stocks the previous day were Samsung Electronics, SK hynix, and Hyundai Motor, in that order.
Mirae Asset Securities compiles the trades of the top 1% of its clients by return over the past month and discloses them on its mobile trading system (MTS) on a real-time, previous-day, and recent five-day basis. This statistical data is simple informational guidance unrelated to the opinions of Mirae Asset Securities and does not guarantee investment gains or returns suited to any individual investor. In addition, investors should be cautious as theme-related stocks carry the possibility of abnormal price swings.
