Securities Stocks Soar on KOSPI Surge: "Beneficiaries of Market Revitalization Measures"

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After the Korea Composite Stock Price Index (KOSPI), which had plunged on the so-called "Wirth shock," rebounded in just one day and closed at a record high, securities stocks rallied across the board. With expectations growing for government policy support and a continued stock market boom, analysts project that securities shares will remain strong.
According to the Korea Exchange (KRX) on the 4th, the KOSPI ended the previous session at 5,288.08, up 338.41 points (6.84%) from the day before, setting a new all-time closing high. The daily gain was also the largest in about five years and ten months, since March 24, 2020, when it rose 8.60%.
The KOSDAQ Index also climbed more than 4%, recovering most of its losses from the prior session. The KOSDAQ finished at 1,144.33, up 45.97 points (4.19%) from the previous day.
As the domestic stock market staged a sharp rebound in a single day, securities stocks jumped as well. The KRX Securities Index rose 13.41% from the previous session.
By individual stock, Mirae Asset Securities soared 24.72%. The company benefited not only from expectations of strong earnings driven by the market boom, but also from the anticipated "SpaceX investment effect." Following news of a merger between Space Exploration Technologies (SpaceX) and xAI, buying poured into Mirae Asset Securities, which has invested in SpaceX.
Other securities names also posted strong gains, including Korea Financial Group (9.36%), Kiwoom Securities (9.11%), Samsung Securities (11.11%), NH Investment & Securities (7.55%), and Hanwha Investment & Securities (12.73%).
Woo Dohyung, an analyst at Yuanta Securities, noted, "The average daily trading value in the domestic stock market in January was 62.3 trillion won, up 89.1% from the previous month," adding, "Although there are concerns about valuation losses on bonds, these can be offset by higher brokerage commissions and interest income."
He also pointed to ample liquidity. Woo explained, "At the end of January, outstanding margin loans stood at 56.4 trillion won and customer deposits at 106 trillion won, up 9.9% and 21.3% from the end of the previous month, respectively," and added, "Following December, both margin loans and deposits hit record highs again last month, indicating that overall market conditions are favorable."
Kang Jinhyuk, an analyst at Shinhan Investment & Securities, said, "All of the top 60 KOSPI stocks by market capitalization rose in the previous session, and the number of gainers reached 827, far outnumbering the 76 decliners, clearly demonstrating a strong bull market." He stressed, "Along with stock market revitalization measures, the sector that will move in step with the money-move trend toward venture capital is securities."
jisseo@fnnews.com Reporter Seo Min-ji Reporter