Samsung Electronics now has 5x more investors after latest stock split

Business

Getting your Trinity Audio player ready...

Samsung Electronics now has five times more investors than there were two years ago. According to the latest data, the South Korean tech giant has more than 1.36 million investors, which is a 565 percent increase compared to Q1 2018, when there were 241,513 investors.

According to the data filed by Financial Supervisory Service, Samsung Electronics stocks worth KRW 1.25 trillion (around $1.02 billion) were traded daily in the first quarter of this year. This is a 75 percent increase compared to the numbers of the same quarter in 2018.

On May 04, 2018, the company had lowered the face value of its stocks from KRW 5,000 to KRW 100. This decision was reportedly taken to improve the long-term corporate value and to make the purchase of shares more accessible to individual investors.

A common share of Samsung Electronics was traded at KRW 2.65 million before the stock split. After the 50:1 stock spilt, the number of commonly issued shares increased from 128.4 million to 6.42 billion. Each share was worth one-fifth of its original price after the stock split two years ago.

In January 2020, the company's stock peaked at KRW 62,400, but it is now being traded at KRW 48,400 after the South Korean stock market was hit by COVID-19. Market experts say that Samsung's stock split saved the company from a further drop in stock prices as more people were able to purchase and trade its shares.

Asif Iqbal Shaik - Senior Editor

[email protected]

First Samsung device: T100

Asif is a computer engineer turned technology journalist. He has been using Samsung phones since 2004, and his current smartphone is the Galaxy S21 Ultra. He loves headphones, mechanical keyboards, and PC hardware. When not writing about technology, he likes watching crime and science fiction movies and TV shows.

Via Business Samsung Electronics

Samsung Electronics now has 5x more investors after latest stock split

Asif Iqbal Shaik - Senior Editor

[email protected]

First Samsung device: T100

You might also like

Samsung settles with Epic Games over a One UI security feature

Samsung acquires Xealth to bring clinical care closer via Galaxy Watches

Samsung's 56% profit drop isn't due to its smartphone sales

Samsung's profits may be down by a staggering 39% this quarter