[Featured Stock] Secondary Battery Leading Kospi Rise Takes a Breather

[Asia Economy Reporter Oh Ju-yeon] Secondary battery-related stocks, which led the stock market rise in November, are showing relatively weak performance.

According to the Korea Exchange on the 11th, the KOSPI rose over 1% intraday, surpassing the 2780 mark and setting a new all-time high again, but secondary battery-related stocks showed a downward trend.

As of 10:23 a.m. on the day, Samsung SDI was trading at 558,000 KRW, down 0.36% from the previous trading day. Samsung SDI showed strength, rising from 440,000 KRW on November 2 to an intraday high of 571,000 KRW on the 8th of this month, but the upward momentum has somewhat stalled since then.

LG Chem also rose sharply from a closing price of 623,000 KRW on November 2 to an intraday high of 863,000 KRW on the 4th of this month, but has since fallen to trade at 817,000 KRW.

In particular, LG Chem's stock price has been strong thanks to concentrated buying by foreign investors. From November 2 to the 10th, foreign investors net purchased over 1.6 trillion KRW worth of LG Chem shares, more than Samsung Electronics (930 billion KRW), ranking first in net purchases.

In the KOSDAQ market, while Celltrion Healthcare and Celltrion Pharm are leading the index, secondary battery-related stock EcoPro BM showed weakness.

At this time, EcoPro BM rose from a closing price of 126,500 KRW on November 2 to 151,400 KRW on the 30th, but the upward trend has stopped since the beginning of this month.

The stock price, which was 150,900 KRW on the 1st, was trading at 150,000 KRW as of 10:30 a.m. on the day.

Lee Kyung-min, a researcher at Daishin Securities, said, "The semiconductor and secondary battery sectors, which recently led the KOSPI's all-time high streak, are showing weakness," adding, "The KOSPI's rebound may not necessarily mark the start of another all-time high streak."

This content was produced with the assistance of AI translation services.