52-Week High Based on Closing Price, Yearly Peak
Foreigners and Institutions Net Buy 1.1 Trillion KRW...Individuals Sell
KOSDAQ Samchundang Pharmaceutical Soars Over 26%
The KOSPI index reached its highest point of the year in three trading days due to simultaneous buying by institutions and foreigners.
On the 26th, the KOSPI index closed at 2,757.09, up 19.52 points (0.71%) from the previous trading day. The KOSPI index started at 2,756.42, up 18.85 points, hit a morning high of 2,779.40, then declined and hovered around the 2,750 level. The 2,756.42 closing price is the highest in 52 weeks. The previous yearly high was 2,754.86, recorded on the 21st.
By investor type, foreigners purchased 622.4 billion KRW and institutions bought 481.8 billion KRW, totaling 1.1042 trillion KRW. Institutions, which had sold for two consecutive trading days, switched to buying after three days. Meanwhile, individuals sold 1.0881 trillion KRW.
By sector, Medical Precision (-0.21%), Chemicals (-0.31%), Finance (-0.39%), Paper & Wood (-0.41%), Steel & Metals (-0.45%), Construction (-0.58%), Electricity & Gas (-1.07%), Pharmaceuticals (-1.10%), and Insurance (-1.84%) were weak. All other sectors rose. Machinery (2.96%), Telecommunications (1.77%), and Textiles & Apparel (1.56%) were particularly strong.
The top 25 market capitalization stocks showed mixed trends. Samsung Electronics (2.17%), SK Hynix (4.25%), Kia (2.60%), Hyundai Mobis (2.52%), and Kakao (2.04%) all rose more than 2%. It is notable that Samsung Electronics and Kakao, considered representative "national stocks," rose together. According to the Korea Securities Depository, an analysis of the stock ownership status of 2,062 listed companies with December fiscal year-end showed that Samsung Electronics had the most shareholders at 5,216,409, followed by Kakao with 1,859,262. Samsung Electronics briefly surpassed 80,000 KRW intraday for the first time in 27 months since December 2021. The closing price was 79,900 KRW.
Lee Jaewon, a researcher at Shinhan Investment Corp., said, "The semiconductor sector, which saw short-term profit-taking the previous day, led the index rise influenced by Micron's record high," adding, "After the Federal Open Market Committee (FOMC), market variables are shifting from interest rates to earnings." He said, "Not only the semiconductor sector, with SK Hynix hitting a new high and Samsung Electronics surpassing 80,000 KRW for the first time in 23 months, but most sectors rose," including growth stocks such as Internet/Gaming (Netmarble new game expectations), Entertainment (HYBE new girl group debut), as well as the automobile and financial sectors all rose together." On that day, Netmarble rose 3.99%, and HYBE rose 1.21%.
The KOSDAQ index closed at 916.09, up 2.40 points (0.26%).
By investor type, foreigners bought 73.3 billion KRW and individuals bought 53.8 billion KRW. Meanwhile, institutions sold 36.7 billion KRW net.
702 stocks closed higher, 839 stocks closed lower, and 104 stocks were unchanged. Among the top market capitalization stocks, Samchundang Pharmaceutical, which signed an exclusive supply contract for the European 9-country macular degeneration treatment drug Aylia biosimilar, surged 26.37%. Entertainment stocks also saw a favorable trend. SM Entertainment (10.11%) and CJ ENM (8.63%) showed strong gains exceeding 5%.
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