The Stock Market is 'Rising' Samsung Electronics is 'Silent but Steady'

On the 7th, when the won-dollar exchange rate surpassed 1,380 won for the first time in 13 years and 5 months, dealers were working in the dealing room of Hana Bank in Euljiro, Seoul. Photo by Moon Honam munonam@

[Asia Economy Reporter Junho Hwang] On the morning of the 8th, ahead of the Chuseok holiday, the stock market recorded an upward trend as strong net buying continued from individuals and institutions. Following dovish remarks by the Vice Chair of the Federal Reserve (Fed), who sets U.S. monetary policy, the dollar's strength eased, leading to a simultaneous rise in Asian stock markets, including South Korea's. However, Samsung Electronics, the unchanging leader of the KOSPI, remains steady.

At 26 minutes past the morning session on the 8th, the KOSPI stood at 2,384.95, up 8.49 points (0.36%) from the previous day. With individuals and institutions net buying approximately 113.3 billion KRW and 129.2 billion KRW respectively, and foreigners showing a net selling intention of about 236.7 billion KRW, the market is on an upward curve. However, the upward momentum appears somewhat weaker compared to the market opening. Today is the simultaneous expiration day for futures and options, leading to the inflow of basket sell orders through arbitrage and non-arbitrage trades.

Among all stocks, 582 rose while 256 fell. Among the top market capitalization stocks, the prices of secondary battery stocks showed noticeable gains. Samsung SDI rose 2.71%, and LG Chem increased by 2.41%. On the other hand, Samsung Electronics recorded a 0.18% decline to 55,900 KRW, despite the market showing renewed vigor.

By sector, textiles and apparel (1.87%), chemicals (1.19%), pharmaceuticals (0.90%), and food and beverage (0.85%) showed strength. Within the textiles and apparel sector, Shinwon (11.08%), SungAn (3.06%), F&F (2.44%), and Hansae Co., Ltd. (2.33%) stood out with notable gains.

The KOSDAQ index rose 8.29 points (1.08%) to 776.48 compared to the previous day. Institutions net bought about 40 billion KRW, while individuals and foreigners showed net selling intentions of approximately 7.6 billion KRW and 30.3 billion KRW respectively, resulting in an overall upward trend.

Among all stocks, 970 showed gains. Most of the top market capitalization stocks recorded increases. Among them, L&F rose 4.04% to 221,700 KRW, and EcoPro BM increased 1.92% to 106,300 KRW compared to the previous day.

By sector, digital (2.13%), IT components (1.98%), and electrical and electronics (1.77%) sectors showed notable gains. In the digital sector, Roborobo led the sector's overall rise with a 10.93% increase. Additionally, Com2uS (4.90%) and iMBC (4.66%) also performed strongly.