On the first day the government banned short selling in the stock market, both the KOSPI and KOSDAQ surged. Among the stocks, secondary battery shares recorded limit-up prices, showing significant gains.
The KOSPI surged more than 5% compared to the previous session, rising to the 2,500 level as the full ban on short selling took effect on the 6th. The KOSPI closing price on the day was recorded at 2,502.37, up 134.03 points (5.66%) from the previous session. The KOSDAQ index also closed sharply higher at 839.45, up 57.40 points (7.34%) from the previous session. [Image source=Yonhap News]
On the 6th, the KOSPI closed at 2,502.37, up 134.03 points (5.66%) from the previous trading day. This is the first time since September 22 that the KOSPI closed above the 2,500 mark.
By investor type, individual investors sold a net 909 billion KRW. In contrast, foreign investors and institutions bought a net 710.7 billion KRW and 196.7 billion KRW, respectively.
All sectors rose. Steel and metals surged 12.63%, and chemicals rose 8.16%. Additionally, electrical and electronics and manufacturing increased by more than 6%, while transportation and warehousing, securities, distribution, and machinery also rose over 5%.
Among the top market capitalization stocks, Samsung Electronics closed at 70,900 KRW, up 1,300 KRW (1.87%) from the previous trading day. Secondary battery-related stocks such as POSCO Future M closed at the limit-up price, rising 29.93%, and LG Energy Solution surged 22.76%. POSCO Holdings, Samsung SDI, and LG Chem also rose more than 10%.
On the day, in the KOSPI market, 744 stocks rose, including Kumyang and POSCO Future M, which hit the limit-up price. 153 stocks fell without any limit-down, and 39 stocks remained unchanged.
The KOSDAQ also closed at 839.45, up 57.40 points (7.34%) from the previous trading day. This is the first time since the 12th of last month that the KOSDAQ closed above the 830 level.
By investor type, foreign investors bought a net 470.2 billion KRW. Meanwhile, individual and institutional investors sold a net 487.7 billion KRW and 6.2 billion KRW, respectively.
By sector, all rose except for information devices, which remained flat. Financials and general electrical and electronics jumped more than 20%. Chemicals, machinery equipment, and metals rose over 6%, while digital content, pharmaceuticals, paper and wood, and IT components also increased more than 4%.
Similar to the KOSPI, secondary battery stocks surged among the top market capitalization stocks. EcoPro BM and EcoPro hit the limit-up price, while POSCO DX and L&F rose more than 25%. HLB and Rainbow Robotics also increased by more than 10%.
On the day in the KOSDAQ, 1,253 stocks rose, including four stocks such as Lightron that hit the limit-up price. 316 stocks fell, and 51 stocks remained unchanged.
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