The KOSPI and KOSDAQ indices closed higher on the 30th amid a wait-and-see mood following the Financial Monetary Committee's decision to keep interest rates unchanged. Robot-related stocks rose on expectations of the government's policy to revitalize the robot industry.
On the 30th, dealers are working in the Hana Bank dealing room in Jung-gu, Seoul. Photo by Jinhyung Kang aymsdream@
On the day, the KOSPI index closed at 2,535.29, up 15.48 points (0.61%) from the previous session. The index opened at 2,512.11, down 7.70 points (-0.31%), but fluctuated around the flat line before closing higher. Foreign investors and institutions net bought 125.2 billion KRW and 256.2 billion KRW respectively, while individuals sold off 369.4 billion KRW.
Among the top market capitalization stocks, SK Hynix (2.68%), LG Energy Solution (1.68%), Shinhan Financial Group (1.65%), KB Financial Group (1.35%), Samsung C&T (1.27%), and Celltrion (0.74%) rose. On the other hand, POSCO Future M (-0.92%), LG Electronics (-0.68%), Hyundai Mobis (-0.65%), LG Chem (-0.60%), and Samsung Biologics (-0.55%) declined.
By sector, machinery (3.73%), electric and gas utilities (1.32%), finance (1.04%), construction (0.94%), transportation and warehousing (0.93%), and securities (0.93%) rose in order. Meanwhile, beverage and food (-0.76%), medical precision (-0.31%), and pharmaceuticals (-0.14%) were among the three sectors that declined.
The KOSDAQ index closed at 831.68, up 9.24 points (1.12%) from the previous trading day. The KOSDAQ opened at 819.23, down 3.21 points (-0.39%), but semiconductor equipment stocks showed strength and pushed the index higher. Foreign investors net bought 121.9 billion KRW, while individuals and institutions sold 97.3 billion KRW and 36.2 billion KRW respectively.
Among the top market capitalization stocks, HPSP (8.16%), Classys (5.57%), L&F (4.51%), Celltrion Healthcare (4.49%), and Rino Industrial (3.10%) rose. Conversely, Pearl Abyss (-2.07%), Kakao Games (-2.04%), POSCO DX (-1.21%), and EO Technics (-0.50%) declined.
Researchers Kim Seok-hwan and Park Su-jin of Mirae Asset Securities said, "The Financial Monetary Committee's decision to keep interest rates unchanged was digested, creating a wait-and-see atmosphere ahead of the U.S. Personal Consumption Expenditures (PCE) price index announcement. In the afternoon, the index's gains expanded as foreign net buying increased due to Morgan Stanley Capital International (MSCI) rebalancing, and the rise in robot-related stocks continued. This reflected expectations for the government's policy to revitalize and expand growth in the robot industry."
In the Seoul foreign exchange market on the day, the exchange rate closed at 1,290 KRW, up 0.4 KRW from the previous trading day.
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