Top-performing investors at Mirae Asset Securities bought SK Hynix and sold Samsung Electronics on the morning of July 21. The top 1% of investors by recent one-month returns purchased SK Hynix most heavily, with the stock trading at 1,817,000 won, up 3.00%, while Samsung Electronics was the most net-sold stock despite trading at 256,500 won, up 5.12%. The divergent trading patterns occurred as July 1-20 semiconductor exports reached $22.1 billion, up 180.6% year-over-year and marking a record high for that period, while Samsung announced the creation of a new robotics division under CEO Noh Tae-moon. Semiconductors accounted for 40.3% of South Korea's total exports during the period, an 18.4 percentage point increase from the same period last year.
Top Investors Buy SK Hynix as Semiconductor Exports Hit Record
SK Hynix was the most net-purchased stock by top investors at Mirae Asset Securities as of 11 a.m. on July 21, according to data from the securities firm. The stock traded at 1,817,000 won, up 3.00% from the previous trading day. SK Square ranked second in net buying at 1,218,000 won, up 3.48%, followed by LG Innotek in third place.
July 1-20 Semiconductor Exports Reach $22.1 Billion
Semiconductor exports from July 1-20 totaled $22.1 billion, an increase of 180.6% compared to the same period last year, according to Korea Customs Service data. The figure represents the highest level recorded for that period. Semiconductors accounted for 40.3% of total exports during the timeframe, expanding by 18.4 percentage points from the same period in the previous year.
Samsung Electronics Net-Sold Despite Robotics Division Announcement
Samsung Electronics was the top net-sold stock among high-performing investors despite trading at 256,500 won, up 5.12% as of 11 a.m. on July 21. The stock gained following news that Samsung created an 'RX (Robotics eXperience) Business Division' directly under CEO Noh Tae-moon. The division will focus on robotics business and AI-based autonomous factory operations as future growth drivers. Top investors appeared to take profits after the stock surged more than 5%.
Doosan Enerbility and Hyundai Motor ranked second and third in net selling. On the previous trading day (July 20), Samsung Electronics, Samsung Electro-Mechanics, and SK Square were the top net-purchased stocks, while SK Hynix, Samsung SDI, and Samsung Electronics preferred shares were the most net-sold.
FAQ
What did top investors at Mirae Asset Securities buy on July 21?
Top-performing investors at Mirae Asset Securities most heavily purchased SK Hynix on the morning of July 21, with the stock trading at 1,817,000 won, up 3.00%. SK Square ranked second in net buying at 1,218,000 won, up 3.48%, followed by LG Innotek in third place.
What were South Korea's semiconductor exports from July 1-20?
Semiconductor exports from July 1-20 reached $22.1 billion, up 180.6% year-over-year, marking a record high for that period according to Korea Customs Service data. Semiconductors accounted for 40.3% of total exports during the timeframe, an 18.4 percentage point increase from the same period last year.
Why did top investors sell Samsung Electronics despite its stock price increase?
Top investors net-sold Samsung Electronics despite the stock trading at 256,500 won, up 5.12%, following the announcement of a new robotics division under CEO Noh Tae-moon and positive semiconductor export data. The selling activity appeared to be profit-taking after the stock surged more than 5%.
