The KOSPI continues its upward trend toward 9,000, leading to a strong performance in securities stocks. Increased trading volumes and expectations for a revitalized capital market are fueling investor sentiment, alongside 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 session. 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 volumes due to a booming stock market and expectations for improved earnings, drawing significant buying interest in related stocks.
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 volumes due to the KOSPI's rise and expectations for a revitalized capital market are contributing factors for improved performance in the securities industry." They added that considering Shinyoung Securities' recent plan to buy back shares, the securities sector is in a position where both performance improvement and shareholder return evaluations can occur simultaneously.
* This article has been translated by AI.
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