This file photo, taken Aug. 13, 2021, shows an office building of Samsung Electronics Co. in Seoul. (Yonhap)
SEOUL, Dec. 6 (Korea Bizwire) — South Korean retail investors have been snapping up shares of electric vehicle-themed exchange traded fund (ETF) while dumping shares of Samsung Electronics Co. and SK hynix Inc., data showed Sunday.
The most-sold stocks by retail investors during the five weeks from Nov. 1 to Dec. 3 were the two South Korean major chipmakers, according to the data from Korea Stock Exchange.
Over this period, retail investors had net sales of 1.98 trillion won (US$1.66 billion) worth of Samsung Electronics shares and 1.58 trillion won of SK hynix shares.
As of Dec. 3, the share price of Samsung Electronics had fallen by 6.67 percent from 81,000 won at the beginning of the year to 75,600 won, while that of SK hynix declined by 0.42 percent from 118,500 won to 118,000 won.
In contrast to their offloading of shares, retail investors had net purchases of 712.1 billion won worth of Mirae Asset Securities Co.’s TIGER China EV SOLACTIVE ETF during the period from Nov. 1 to Dec. 3, which ranked first in terms of the amount of retail investors’ net buying.
The TIGER China EV SOLACTIVE ETF, listed in Dec. 2020, consists of 20 Chinese EV businesses that were included in light of the size of market capitalization. Among them were some listed in China’s A-share markets, the Hang Seng Index and the U.S. stock market.
The price of the EFT shot up from 11,705 won late last year to 20,010 won on Dec. 3. The figure was up 103.25 percent from this year’s lowest number and up 70.95 percent from the beginning of the year.
J. S. Shin (js_shin@koreabizwire.com)
