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Mixed Close in Stock Market... Samsung Electronics Recaptures '70,000 Won Level'

On the 26th, the KOSPI ended slightly higher while the KOSDAQ declined, resulting in a mixed close in the stock market. Samsung Electronics settled in the 70,000 KRW range, supported by a 'storm buying' spree from foreign investors.


On this day, the KOSPI closed at 2,558.81, up 4.12 points (0.16%) from the previous trading day. Individual and institutional investors sold a net 412.9 billion KRW and 505.4 billion KRW, respectively. In contrast, foreign investors bought a net 910.5 billion KRW worth of shares in a single day.


Mixed Close in Stock Market... Samsung Electronics Recaptures '70,000 Won Level' [Image source=Yonhap News]

Among the top market capitalization groups in the KOSPI market, semiconductor-related stocks notably showed an upward trend. Samsung Electronics closed at 70,300 KRW, up 2.18% on the day. This is the first time in about 1 year and 2 months since March 31 of last year (72,000 KRW) that Samsung Electronics’ stock price has risen above 70,000 KRW. It recorded a 52-week high for two consecutive days following the previous day. SK Hynix closed at 109,200 KRW, up 5.51%.


On the other hand, LG Energy Solution (-0.86%), Samsung Biologics (-0.26%), LG Chem (-0.84%), and Samsung SDI (-1.00%) showed slight declines.


The KOSDAQ closed at 843.23, down 4.49 points (0.53%) from the previous trading day. Individual investors bought a net 33.6 billion KRW, while foreign and institutional investors sold a net 21.1 billion KRW and 15.0 billion KRW, respectively.


Among the top market capitalization groups in the KOSDAQ, EcoPro BM (-2.26%) and Pearl Abyss (-3.95%) closed lower. Meanwhile, HLB (2.80%) and JYP Ent. (1.25%) closed higher.


Meanwhile, in the Seoul foreign exchange market, the won-dollar exchange rate closed at 1,324.5 KRW, down 1.5 KRW.


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