The KOSPI continues its upward trend towards the 9,000-point mark, leading to a surge in securities stocks. Increased trading volume and expectations for a revitalized capital market have heightened investor sentiment, further fueled by hopes for improved earnings and expanded shareholder returns.
According to the Korea Exchange, as of 3:15 PM on June 16, Kiwoom Securities was trading at 396,500 won, up 29,000 won (7.89%) from the previous trading day. Daishin Securities also saw an increase of 1,350 won (4.53%), trading at 31,150 won, while Shinyoung Securities rose by 10,300 won (5.64%) to 193,000 won.
This surge is attributed to increased trading volume amid a booming stock market, coupled with expectations for improved earnings.
Analysts in the securities industry are maintaining a positive outlook for the sector. Hyundai Motor Securities noted in a report that "the increase in trading volume due to the KOSPI's rise and expectations for a revitalized capital market are key factors for improved performance in the securities industry." They added that considering recent plans for share buybacks by Shinyoung Securities and other moves to enhance shareholder returns, the securities sector is positioned for simultaneous performance improvement and a reassessment of shareholder returns.
* This article has been translated by AI.
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