'Attack on KOSPI' Hits Intraday Record of 3290 for the First Time, Closing Price Sets New Record Again... Approaching 3300 Breakthrough

[Image source=Yonhap News]

[Asia Economy Reporter Lee Seon-ae] On the 24th, the KOSPI set a new intraday record, breaking through the 3290 level for the first time ever, and also set a new closing record. It is truly a 'KOSPI rally.'

On that day, the KOSPI opened at 3,281.47, up 5.28 points (0.16%). It rose intraday to 3,292.27, surpassing the previous intraday record of 3,281.96 set on the 16th, breaking it after 8 days. It closed at 3,286.10, up 9.91 points (0.30%), again breaking the previous closing record of 3,278.68 set on the 16th.

The driving force was net buying by institutions. Institutional investors purchased 141.1 billion KRW worth of stocks in a single day, leading the upward trend. On the other hand, individuals sold 48.4 billion KRW, and foreigners sold 104.4 billion KRW.

Among the top market capitalization companies, Samsung Electronics (1.37%) and SK Hynix (1.61%) showed simultaneous gains. Conversely, Naver and Kakao, which had surged until the previous day, fell by 0.94% and 7.37%, respectively.

By sector, steel and metals (3.01%), banking (1.41%), electrical and electronics (1.40%), and electric and gas utilities (0.79%) showed upward trends. Textile and apparel (-2.08%), services (-1.96%), and machinery (-1.48%) showed weakness.

The KOSDAQ opened at 1,017.11, up 0.65 points (0.06%), and closed at 1,012.62, down 3.84 points (0.38%). Among the top market capitalization companies, Pearl Abyss (-2.64%), Kakao Games (-1.26%), Celltrion Healthcare (-1.05%), HL Biotech (-0.75%), and SK Materials (-0.03%) declined. Alteogen (3.32%), CJ ENM (1.19%), EcoPro BM (0.61%), Seegene (0.47%), and Celltrion Pharm (0.18%) rose.

Declining sectors included non-metallic minerals (-1.98%), entertainment and culture (-1.56%), textiles/apparel (-1.45%), internet (-1.34%), and paper/wood (-1.16%). Rising sectors included publishing (1.08%), construction (1.04%), broadcasting services (0.59%), transportation equipment/parts (0.55%), and telecommunications broadcasting services (0.41%).

Park Gwang-nam, a researcher at Mirae Asset Securities, analyzed, "The domestic stock market showed strength, supported by the U.S. stock market where risk asset preference expanded due to yen depreciation, rising Treasury yields, and rising international oil prices. In particular, semiconductor stocks, which had previously faced earnings concerns, regained expectations and set new highs."

He added, "There has been a tendency for internet-related stocks to rise, supported by the strong U.S. Nasdaq index, but semiconductor stocks have started to rebound from today. Unless there is a special external event, the stock market is unlikely to turn sharply bearish."

Han Ji-young and Kim Se-heon, researchers at Kiwoom Securities, explained, "Considering that the Korean stock market continues to experience sector rotation, the downside of the index is expected to remain firm."

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