With the massive stock investment led by the local retail investors, data have shown that the number of shareholders in the giant tech company, Samsung Electronics have surpassed 5 million.
After closing at 91,000 won on January 11 this year, Samsung Electronics is on the right track, finishing at 71,400 won Yesterday.
The Market watchers said a considerable number of local retail investors bought Samsung Electronics this year, as foreigners continue to sell the country’s most coveted stocks.
Retail investors bought 32.9 trillion won ($ 27.9 billion) net of Samsung shares in the first nine months of the year.
Major Analysts said that investors were likely drawn to the country’s most valuable company amid increasing market liquidity and tighter government regulations in the housing market.
The increase in the number of small investors is seen to indicate their greater influence over Samsung, the world’s largest maker of smartphones and memory chips, but this month they sold net shares of Samsung Electronics for 486 billion won. due to a fall in the price of its shares.
