Securities stocks are experiencing a strong rally, buoyed by significant gains in the KOSPI and KOSDAQ indices. The surge in the domestic stock market has led to increased expectations for trading volume.
As of 2:34 PM on July 15, Samsung Securities was trading at 110,700 won, up 8,800 won (8.64%) from the previous trading day.
At the same time, Korea Financial Group rose by 16,500 won (7.62%) to 233,000 won, while Kiwoom Securities increased by 22,000 won (7.14%) to 330,000 won.
Mirae Asset Securities saw a rise of 2,750 won (7.10%) to 41,500 won, and NH Investment & Securities gained 1,050 won (3.52%) to reach 30,800 won, reflecting a broad upward trend among major securities stocks.
This rally is interpreted as a result of improved investor sentiment in the domestic market, influenced by strong performance in the U.S. stock market. Overnight, the New York Stock Exchange rallied, driven by relief over the June Consumer Price Index (CPI), particularly in semiconductor stocks. Notable gains were seen in Nvidia (up 4.06%), Micron (up 4.92%), SanDisk (up 5.01%), and Intel (up 4.50%), while SK Hynix's American Depositary Receipts (ADRs) surged by 27.29%, boosting investor confidence in domestic semiconductor stocks.
Consequently, Samsung Electronics and SK Hynix saw significant intraday increases, prompting a buying sidecar shortly after the market opened for both the KOSPI and KOSDAQ. Typically, when the stock market is strong, expectations for increased brokerage revenue due to rising trading volumes also grow, leading to a concurrent rise in securities stocks.
* This article has been translated by AI.
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