In early trading on the 13th, securities stocks are broadly higher. With the KOSPI index surpassing the 5,500 mark for the first time ever, investor sentiment also appears to be flocking to securities stocks expected to benefit.
As of 9:32 a.m. that day, SK Securities shares were trading at 1,150 won on the main board, up 22.99% (215 won) from the previous day.
Shinyoung Securities is up in the 12% range, and Sangsangin Investment & Securities is showing an 18% gain. Bookook Securities, Kyobo Securities, Mirae Asset Securities, and DB Securities are also all rising.
With the KOSPI index climbing to 5,500 points this year, buying sentiment appears to be gathering on expectations that securities firms will also benefit from the stock market boom.
In fact, last year large securities firms' net profit entered the "2 trillion won club" for the first time. Korea Investment & Securities Co. posted a net profit of 2.0135 trillion won last year. In addition, Mirae Asset Securities, NH Investment & Securities, Samsung Securities, and Kiwoom Securities also topped 1 trillion won in net profit last year.
On top of that, Daishin Securities unveiled an unprecedented shareholder-return plan the day before, apparently boosting expectations for securities stocks. Daishin Securities said it would cancel 15.35 million treasury shares.