In early trading on the 19th, securities stocks are rewriting record highs. As the KOSPI resumed its uptrend after the Lunar New Year holiday (Feb. 16-18), investor sentiment appears to have been stirred.
As of 9:00 a.m. that day on the Korea Exchange main board, SK Securities was trading at 1,579 won (limit up), up 364 won (29.96%) from the previous session.
At the same time, Sangsangin Investment & Securities (29.98%), Hyundai Motor Securities (29.96%), NH Investment & Securities (15.86%), DB Securities (16.60%), Mirae Asset Securities (12.5%), and Hanwha Investment & Securities (20.24%) also one after another hit record highs.
In the securities sector, when transaction value increases, fee revenue rises alongside it. Lee Jae-won, an analyst at Shinhan Investment & Securities, said, "If the KOSPI runs a record-high rally, the biggest beneficiary sector is securities," adding, "Strong results will continue due to increases in transaction value, deposits, and margin balances."
The KOSPI has been renewing all-time highs day after day since the new year, with transaction value also hitting peak levels. According to the Korea Financial Investment Association, on the 12th, investor deposits stood at 103 trillion won and margin financing balances at 31 trillion won, approaching record highs.