The stocks most heavily net bought by high-return investors trading at Mirae Asset Securities on the morning of the 6th were, in order, Samsung Electronics, SK hynix, and Samsung Electro-Mechanics.
According to Mirae Asset Securities (006800) that day, the stock most heavily bought by the "stock masters" — those in the top 1% for investment returns over the past month among the brokerage's stock trading clients — as of 11 a.m. was Samsung Electronics (005930). Samsung Electronics closed 2.5% higher in the previous session, but was down between 5% and 7% that day.
The top traders also net bought the most Samsung Electronics shares the previous day. Any investor who bought Samsung Electronics at that time is now in a loss position. Right after the market opened, Samsung Electronics shares showed a pattern of individual net selling and foreign net buying, but foreigners switched to heavy net selling during the session, widening the losses. In other words, the top traders' net buying of Samsung Electronics that day is interpreted as a strategy to respond to the sharp decline with additional purchases.
The second most net bought stock was SK hynix (000660). SK hynix was also among the stocks the top traders net bought the most the previous day, alongside Samsung Electronics. The decline was steeper for SK hynix than for Samsung Electronics. Kang Jin-hyuk, senior researcher at Shinhan Investment Corp., explained, "After the U.S. market closed overnight, the share price shock at SanDisk and Western Digital was perceived as a negative for large-cap memory stocks."
The third most net bought stock was Samsung Electro-Mechanics (009150). Samsung Electro-Mechanics closed at 879,000 won on the 30th of last month, but then began to rebound sharply, rising to 1.356 million won the previous day. The gain over four trading sessions was 54.2%. That day, however, the share price plunged more than 8% amid weakness in the domestic stock market.
Meanwhile, LG Electronics topped the net selling list. Jeju Semiconductor and GS Engineering & Construction were also among the top net-sold stocks. These stocks rose relatively steadily while large-cap KOSPI stocks swung sharply over the past week. The move is interpreted as an effort to realize profits from these stocks to respond to the sharp declines in Samsung Electronics and SK hynix.
Mirae Asset Securities compiles the trades of investors in the top 1% for returns over the past month among its clients and discloses them on its mobile trading system (MTS) on a real-time, previous-day, and recent five-day basis. This data is simple information unrelated to the opinions of Mirae Asset Securities and does not guarantee investment or returns. Theme-related stocks carry the risk of sharp price swings, so investors should exercise caution.
