Top-performing investors trading through Mirae Asset Securities net-bought Samsung Electronics (005930), SK Hynix (000660), Hyundai Motor, SK Telecom and POSCO Holdings the most on the morning of the 12th.
According to Mirae Asset Securities, Samsung Electronics was the most-bought stock as of 11 a.m. by "stock super-experts" — the top 1% of the brokerage's clients by investment returns over the past month.
According to the Korea Exchange, Samsung Electronics traded at 273,500 won as of 11 a.m., down 4.20% from the previous session. The stock climbed as high as 291,500 won during the session, raising hopes for a "300,000-won Samsung," but fell in tandem with the broader KOSPI as the index turned lower. Investors appear to have stepped in for bargain-hunting.
SK Hynix ranked second in net buying, trading at 1.856 million won, down 1.28% from the prior session. Market watchers view this as a repercussion of the semiconductor-centered concentration amid continued foreign net selling. Han Ji-young, an analyst at Kiwoom Securities, said, "FOMO has intensified as share prices surged in a short period," adding, "The resulting urge to take profits is now flowing out, using the war, CPI caution, and foreign net selling as justifications."
However, it is difficult to conclude that upside potential has diminished. Citigroup Global Markets Securities recently released a report sharply raising its price target for Samsung Electronics to 460,000 won from 300,000 won. It also nearly doubled its target for SK Hynix to 3.1 million won from 1.7 million won. The revisions reflect a significant upward adjustment in earnings estimates for both companies, as memory chip prices are expected to continue rising through the second half of this year.
The top net-sell position on the day went to EcoPro BM, the KOSDAQ's leading stock. As of 11 a.m., EcoPro BM traded at 207,000 won, down 6.76% from the previous session.
Selling pressure on LG Electronics (066570) was also pronounced. LG Electronics traded at 181,000 won as of 11 a.m., up 15.51% from the prior session, but surged as much as 20% intraday, triggering a flood of profit-taking. LG Electronics posted consolidated first-quarter operating profit of 1.6737 trillion won, far exceeding market estimates, and brokerages have raised their target prices to around 190,000 won, citing expectations for its physical AI business.
Following EcoPro BM and LG Electronics, Mirae Asset Securities, Samsung Electro-Mechanics and Hyundai Movex ranked among the top net-sold stocks. In the previous session, top net buys were Samsung Electronics, Samsung Heavy Industries, Hanmi Semiconductor and Hyundai Glovis, in that order. Top net sells the previous day included SK Hynix, SK Telecom, Hyundai AutoEver and Hana Micron.
Mirae Asset Securities compiles the trading activity of investors ranked in the top 1% by returns over the past month among its clients, disclosing the data on a real-time, previous-day and five-day basis through its mobile trading system (MTS). The statistical data is simple informational guidance unrelated to Mirae Asset Securities' views and does not guarantee investment suitability or returns for individual investors. Investors should also be cautious, as theme-related stocks may be subject to abnormal volatility.
KOSPI 7,000 era: dot-com bubble redux vs. earnings-driven rally
