Total Net Purchase of 854.2 Billion KRW by Institutions and Foreigners
Samsung Electronics and SK Hynix Close Up Over 4%
LG Energy Solution and POSCO Future M Also Show Strength in Secondary Batteries
The KOSPI recovered to the 2670 level, supported by gains in semiconductors and secondary batteries.
On the 24th, the KOSPI index closed at 2675.75, up 52.73 points (2.01%) from the previous trading day. The KOSPI started the day at 2662.84, up 1.52% (39.82 points) from the previous close, and traded around the 2670 level throughout the day. It even reached a high of 2677.85 near the end of the session.
By investor type, foreigners bought 492 billion KRW and institutions purchased 362.2 billion KRW, totaling net purchases of 854.2 billion KRW. On the other hand, individuals sold 868.9 billion KRW.
By sector, the electric and electronics sector showed the highest increase at 4.26%, followed by machinery (3.53%), manufacturing (2.80%), chemicals (1.45%), services (1.45%), and transportation equipment (1.03%). Conversely, insurance (-1.41%) and finance (-0.43%) sectors were weak.
Among the top 10 market capitalization stocks, all rose except Samsung Biologics (-0.13%) and Celltrion (-0.11%). Semiconductor stocks such as Samsung Electronics (4.11%) and SK Hynix (5.15%), as well as secondary battery-related stocks like LG Energy Solution (4.05%) and POSCO Future M (8.00%), showed strong performance. HYBE, which faced controversy over the takeover of its subsidiary Adore's management rights, rebounded by 0.48%.
Joon-ki Cho, a researcher at SK Securities, said, "The uncertainties that acted as a downward factor last week seem to have somewhat cleared, and the domestic stock market showed a strong performance of around 2%. Positive factors from the U.S. were the main reasons for the sharp rise in the index."
The KOSDAQ index closed at 862.23, up 16.79 points (1.99%).
By investor type, foreigners bought 182.5 billion KRW and institutions purchased 72.7 billion KRW, while individuals sold 244.2 billion KRW.
Out of the listed stocks, 1,196 closed higher, 344 closed lower, and 84 were unchanged. Semiconductors and secondary batteries again led the gains. Among the top market cap stocks, semiconductor-related stocks such as Lino Industrial (5.77%) and EO Technics (7.14%) recorded gains of over 5%. EcoPro BM, a KOSDAQ leader and secondary battery-related stock, rose 5.14%.
The won-dollar exchange rate closed at 1,369.2 KRW, down 9.1 KRW from the previous day.
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