Buying the dip and selling the rebound? South Korean retail investors miss out on Samsung and SK Hynix surges after selling 5.1 trillion won in two days

Odaily Planet Daily reported that the South Korean stock market experienced a rapid rebound after a "Black Monday," but individual investors who had heavily bought semiconductor giants on the dip ended up in a "buy the dip, sell the rebound" situation. According to data from the Korea Exchange, South Korean retail investors purchased a total of approximately 3.89 trillion won worth of Samsung Electronics and SK Hynix, with net purchases of 1.10 trillion won for Samsung Electronics and 2.79 trillion won for SK Hynix. On that day, the stock prices of the two companies plunged by 10.7% and 15.37%, respectively, as retail investors absorbed the shares sold off by foreign and institutional investors. However, as semiconductor stocks rebounded, retail investors quickly turned to sellers. Over the two days of the 14th and 15th, individual investors sold a cumulative 1.45 trillion won of Samsung Electronics and 3.70 trillion won of SK Hynix, bringing the total net sales of the two stocks to 5.15 trillion won.

Data indicate that the estimated average purchase price for Samsung Electronics by retail investors on the 13th was about 261,700 won, with the average selling price over the following two days being around 259,400 won; for SK Hynix, the average purchase price was approximately 1,938,500 won, and the average selling price was about 1,849,300 won. Based on the shares bought on the 13th, retail investors suffered a total loss of roughly 138.2 billion won. Meanwhile, Samsung Electronics' stock accumulated a rise of about 9.8% on the 14th and 15th, and SK Hynix rose by about 12.8% over those two days. However, because a large amount of dip-buying capital was sold early during the rebound on the 14th, investors failed to fully benefit from the subsequent upward trend. (Etoday)