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Photo = Yonhap news |
[Alpha Biz= Reporter Kim Sangjin] The National Pension Service has increased its holdings in stocks expected to benefit from interest rate cuts, such as pharmaceuticals, biotech, construction, and securities companies. This follows rate cuts by both the U.S. Federal Reserve and the Bank of Korea. According to the Financial Supervisory Service's electronic disclosure system, the National Pension Service adjusted its stake in nine stocks between the 1st and 8th of this month.
The National Pension Service raised its stake in growth stocks, which are expected to benefit from rate cuts. It increased its holdings in pharmaceutical and biotech companies, such as Hanmi Pharm (9.99% to 10.02%) and Hanol Biopharma (9.98% to 10.02%), which are engaged in new drug development. The stake in construction company HDC Hyundai Development increased from 12.14% to 12.33%, likely targeting the expectation of a revitalized real estate market due to the rate cut.
Additionally, the National Pension Service increased its holdings in securities companies, such as Samsung Securities, from 12.94% to 13.06%, anticipating improved performance from increased investments following the rate cuts. On the other hand, it reduced its stake in CJ Logistics, from 10.79% to 10.46%, due to a slowdown in parcel volume growth.
AlphaBIZ Kim SangJin(letyou@alphabiz.co.kr)
