[Featured Stocks] Securities Stocks That Rose Sharply Turn Weak Amid Index Correction

[Asia Economy Reporter Oh Ju-yeon] As the domestic stock market showed a correction on the 12th, securities stocks that had all risen sharply the previous day turned to a downward trend.

As of 10:04 a.m. that day, Korea Financial Group was trading at 85,900 won, down 3.27% from the previous trading day, and Kiwoom Securities recorded 159,000 won, down 1.85%. Hyundai Motor Securities, which surged 23% intraday the previous day, traded at 15,500 won, down 0.64% from the previous trading day, and Hanwha Investment & Securities (-0.32%), NH Investment & Securities (-2.42%), and Samsung Securities (-1.22%) also showed weakness.

These securities stocks surged as the KOSPI broke through 3,200 intraday the previous day. Korea Financial Group rose more than 6% intraday, surpassing 95,000 won, and Kiwoom Securities rose more than 10% to 167,500 won, setting a new 52-week high.

On the 11th, the KOSPI trading volume reached a record high of 44.0694 trillion won, far exceeding last year's trading volume of about 20 trillion won, leading to expectations of increased profits in the securities industry and causing all related stocks to rise. Funds flowing into the stock market remain abundant. According to the financial investment industry, investor deposits, which are standby funds for the stock market, amounted to 67.5474 trillion won as of the 8th, approaching 70 trillion won.