[Featured Stock] SK Hynix Rises Over 3% on Institutional Buying
[Asia Economy Reporter Oh Ju-yeon] SK Hynix rose more than 3% intraday, supported by purchases from institutional investors.
As of 10:38 a.m. on the 24th, SK Hynix was trading at 76,900 KRW, up 3.22% from the previous trading day. SK Hynix's stock price has been steadily declining this month amid growing concerns that DRAM prices will fall in the third quarter of this year.
The stock price, which was 81,800 KRW at the close on the 3rd, dropped to 71,800 KRW on the 20th.
Despite this decline in stock price, individual investors have seen it as an opportunity to buy SK Hynix shares and have been increasing their holdings. From the 3rd to the 21st, individuals purchased a total of 1,116,758,000,000 KRW worth of SK Hynix shares, ranking first in net buying.
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Starting from the 21st, institutional investors have turned to buying, recording net purchases for two consecutive trading days up to this day. At this time, institutions bought 11,979,000,000 KRW worth of SK Hynix shares.
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