Seoul, Oct 6
Shares in securities firms, which have already doubled this year, are widely expected to further advance down the road on the back of increased turnover and market-friendly steps, industry watchers said on Monday.
According to the Korea Exchange (KRX), the index tracking listed securities firms' stock movement has nearly doubled this year, joining the ranks of top-performing sectors, reports news agency.
The benchmark index, the KOSPI, has rallied by more than 43 per cent so far this year, and retail investors flocked to the market out of fear of missing out.
In September alone, the securities firm-tracking stock index gained 8.2 per cent, far higher than the 0.5 per cent gain of the KOSPI.