Net Selling Exceeds 1 Trillion Won in November
Continued Net Selling of 1.6 Trillion Won This Month
[Asia Economy Reporter Ji Yeon-jin] Individual investors have sold more than 1.6 trillion won worth of Samsung Electronics shares since the beginning of this month. While the stock price, which had been sluggish throughout the year, rebounded due to expectations of a recovery in the semiconductor industry and a combined buying spree by foreigners and institutions, individual investors appear to be selling at break-even prices (selling at the purchase price range).
According to the Korea Exchange on the 9th, individuals have net sold stocks worth 2.56 trillion won in the domestic stock market up to the previous day this month. In particular, the net selling scale of Samsung Electronics reached 1.6093 trillion won. 62% of the total net selling amount was concentrated on Samsung Electronics. During this period, foreigners led the rebound in Samsung Electronics’ stock price by net buying about 1.4265 trillion won worth of Samsung Electronics shares. Foreigners net bought Samsung Electronics for five trading days except for one day this month, and during this period, the stock price rose more than 8%, recovering to 77,000 won.
Samsung Electronics’ stock price sharply rose from the second half of last year, soaring to 96,800 won on January 9 this year, approaching the “100,000 won mark,” but then declined due to inflation, tightening concerns, and semiconductor supply shortages, moving around the 80,000 won level throughout the first half of the year. In July, concerns about semiconductor peak-out (decline after economic peak) added to the decline, causing the price to fall to the 70,000 won range, and in October, it even dropped to 68,300 won. During this period, individuals appeared to have averaged down by buying Samsung Electronics shares. From the beginning of this year until October, individuals net bought Samsung Electronics shares worth 35.3917 trillion won. However, as the stock price showed an upward trend due to steady foreign buying since last month, they switched to selling. Individuals who net sold more than 1 trillion won worth of Samsung Electronics last month have increased their net selling scale this month as well.
Meanwhile, experts are optimistic about the stock price, anticipating a recovery in the memory semiconductor industry. Dongwon Kim, a researcher at KB Securities, advised, "DRAM prices are expected to form a bottom in the first quarter of next year, and December is considered the right time to increase the weighting of Samsung Electronics."
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