Robot stocks are surging early on the 10th. Buying appears to be piling in as some robot stocks were included in the KOSDAQ active ETFs listed that day, and as the securities industry issued outlooks for improved earnings for robot stocks.
As of 10:05 a.m. that day on the KOSDAQ market, ROBOTIS is trading at 261,500 won, up 28,500 won (12.23%) from the previous session.
At the same time, Rainbow Robotics is also trading at 779,000 won, up 40,000 won (5.41%) from the previous session. In addition, SPG (6.36%) and Hyundai Movex (3.38%) are also rising.
Investor sentiment appears to have improved as robot stocks were selected in large numbers as components of the KOSDAQ active exchange-traded funds (ETFs) listed that day by Samsung Active Asset Management and Timefolio Asset Management.
Rainbow Robotics was included at weights of 5.03% and 3.48% in the Timefolio and Samsung Active ETFs, respectively. ROBOTIS was included at 1.98% and 2.82%, and SPG at 1.46% and 1.98%.
That day, the securities industry also issued an outlook for improved earnings for robot stocks, citing the commercialization of robots by global Robotics corporations and preparations for mass production.
Kim Seong-rae, an analyst at Hanwha Investment & Securities, said of ROBOTIS, "This year, demand for robot actuators is expected to increase as major global players such as Tesla and Boston Dynamics expand proof-of-concept (PoC) tests and preparations for mass production to commercialize robots, which is expected to expand ROBOTIS' gains."