In early trading on the 14th, securities stocks are rising across the board. Buying appears to be concentrated on expectations that securities firms such as Korea Investment Holdings and Mirae Asset Securities will post strong earnings for the first quarter of this year.
As of 9:26 a.m. that day, Mirae Asset Securities was trading at 70,600 won, up 5,300 won (8.12%) from the previous session. At the same time, Samsung Securities was also trading at 111,900 won, up 6,000 won (5.67%) from the previous trading day.
At the same time, Korea Investment Holdings (3.46%) and Kiwoom Securities (3.24%) were also on the rise.
Recently in the securities industry, analysis has emerged that securities firms such as Korea Investment Holdings will post an "earnings surprise (results exceeding market expectations)" for the first quarter of this year.
That day, Park Hye-jin, a researcher at Daishin Securities, said, "We expect the combined net profit of five securities firms, including Korea Investment Holdings, Mirae Asset Securities, and NH Investment & Securities, to reach 2.77 trillion won for the first quarter, up 96% from a year earlier."
According to Park, as of on the 4th of the previous month, the combined daily transaction value of the Korea Exchange (KRX) and the alternative trading system NextTrade stood at 139 trillion won.
Park noted, "Considering that the 10-year average domestic transaction value is around 18 trillion won, this is truly unprecedented," adding, "Because the average daily transaction value in the first quarter recorded an overwhelming 66.6 trillion won, up 353% from a year earlier, strong results are fully to be expected."