[Special Stocks] Ex-Dividend Date... Financial and Telecom Stocks Plunge Amid Selling Pressure

[Image source=Yonhap News]

[Asia Economy Reporter Minji Lee] As the ex-dividend date, when the right to receive dividends disappears, arrives, investors who had invested in high-dividend stocks in sectors such as finance and telecommunications are flooding the market with sell orders.

According to the Korea Exchange as of 9:57 AM on the 29th, KB Financial Group fell 2.82% compared to the previous trading day. Shinhan Financial Group (-3.41%), Samsung Life Insurance (-4.09%), Hana Financial Group (-3.75%), Woori Financial Group (-4.18%), and Samsung Fire & Marine Insurance (-6.53%) also showed significant declines.

Telecommunication stocks are also showing downward trends. KT dropped 4.87%, and SK Telecom (-4.08%) and LG Uplus (-2.47%) continued to decline. These are typically high-dividend stocks with dividend yields of 5-7%. It is analyzed that investors are releasing a large volume of sell orders into the market due to the ex-dividend date.

Han Ji-young, a researcher at Kiwoom Securities, explained, “On this day, the domestic stock market is expected to show a slightly firm trend reflecting the ex-dividend. Considering that net buying orders with a dividend arbitrage nature centered on financial investments flowed in during the settlement period, it is highly likely that net selling orders with the opposite position nature will be released on this day.”

This content was produced with the assistance of AI translation services.