Dealers work in the dealing room of Hana Bank in Seoul on April 6, 2023. (Yonhap)
SEOUL, Aug. 4 (Korea Bizwire) — The number of retail investors accessing mobile trading systems (MTS), or smartphone trading, is rapidly rising amid sharp fluctuations in the share prices of secondary battery materials producers.
According to industry sources, the daily active users (DAU) for five major brokerages — Mirae Asset Securities Co., Samsung Securities Co., Korea Investment & Securities Co., KB Securities Co. and NH Investment & Securities Co. — averaged about 860,000 last month.
The figure represents a 12 percent increase from the previous month, with each security firm’s MTS attracting an additional 100,000 investors per day.
The average DAU of the five major securities firms hovered around 590,000 in January, rose to 750,000 in April, and remained stable until June.
The recent surge in battery-related stocks led to rapid changes in ownership, resulting in the increased utilization of MTS.
In the case of EcoPro Co., individual investors’ cumulative trading volume amounted to 26.3 trillion won (US$20.2 billion) last month, marking a 2.4 times increase from the previous month.
Meanwhile, EcoPro BM Co.’s trading volume reached 20.2 trillion won, more than six times higher than the previous month.
Individual investors’ cumulative trading volume for POSCO Holdings Inc. soared by more than six times, reaching 24.8 trillion won, while that for POSCO Future M Co. more than tripled, reaching 11.4 trillion won.
J. S. Shin (js_shin@koreabizwire.com)
