Buying the dip and selling the rebound? Korean retail investors sold 5.1 trillion won in two days, missing out on the surge in Samsung and SK Hynix

Odaily Planet Daily News: The Korean stock market staged a sharp rebound after "Black Monday," but individual investors who had heavily bought into semiconductor leaders during the dip found themselves in a "buy the dip, sell the rebound" predicament. According to data from the Korea Exchange, Korean retail investors collectively purchased approximately 3.89 trillion won worth of Samsung Electronics and SK Hynix stocks, 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 plummeted by 10.7% and 15.37% respectively, with retail investors absorbing the shares sold off by foreign and institutional investors. However, as semiconductor stocks rebounded, retail investors quickly turned into sellers. Over the two days of the 14th and 15th, individual investors sold a cumulative total of 1.45 trillion won of Samsung Electronics and 3.70 trillion won of SK Hynix, resulting in a combined net sell-off of 5.15 trillion won for the two stocks.

Data shows that the estimated average purchase price for Samsung Electronics by retail investors on the 13th was around 261,700 won, while the average sell price over the following two days was approximately 259,400 won. For SK Hynix, the average purchase price was about 1,938,500 won, and the average sell price was about 1,849,300 won. Based on the shares bought on the 13th, retail investors suffered an overall loss of approximately 138.2 billion won. Meanwhile, Samsung Electronics rose a cumulative 9.8% on the 14th and 15th, and SK Hynix rose a cumulative 12.8% over the two days. However, because a large amount of the "dip-buying" capital was sold during the initial rebound on the 14th, they failed to fully capture the subsequent upward trend. (Etoday)