Samsung Electronics sees huge increase in number of small stockholdersThe number of small shareholders in Samsung Electronics nearly tripled this year amid massive stock investment by local retail investors, data showed Tuesday.
Some 1.45 million investors held a stake of less than 1 percent in the company as of the end of June, 2.6 times the tally six months earlier, according to data from Samsung.
That means the number of small investors in Samsung Electronics increased by as much as some 886,000 in the first half of the year.
Market watchers said a considerable number of local retail investors had bought into Samsung Electronics this year, given foreigners' continued selling of their most coveted stock in the country.
Overseas investors sold a net 6.7 trillion won ($5.64 billion) worth of Samsung shares in the January-June period, with local institutions' net selling reaching about 2 trillion won.
In contrast, domestic retail investors bought a net 8.4 trillion won worth of Samsung shares during the six-month period, making the company their most bought stock on the local bourse.
Analysts said investors were probably drawn to the country's most valuable company amid a surge in market liquidity and tougher government regulations on the housing market.
The surge in the number of small investors is seen as greater clout in Samsung, the world's leading smartphone and memory chipmaker.
The combined stake of local retail investors and institutions, excluding the state pension fund, was estimated at 12.7 percent as of end-June, up 1.3 percentage points from the end of last year.
Samsung's largest shareholder held an estimated 21.2 percent stake, with foreign investors owning 55 percent.
More in Finance
Banks failed to tell borrowers they can demand rate cuts: FSS report
Stocks fall more than 1% as profit-taking continues
Profit-taking ends four-session winning streak for Kospi
Lottery sales hit record in the first half
Another recent high