KOSPI Holds at 2480 Level... KOSDAQ Closes Up Over 2%

[Image source=Yonhap News]

[Asia Economy Reporter Hwang Yoon-joo] On the 15th, the KOSPI and KOSDAQ closed higher. The KOSPI barely defended the 2480 level after fluctuating throughout the day. The KOSDAQ ended with a rise of over 2%, supported by afternoon demand. It appears that foreign and institutional investors shifted their demand from the KOSPI to the KOSDAQ.

On this day, the KOSPI closed at 2480.33, up 0.23% (5.68 points) from the previous day. It fluctuated down to the 2460 level in the morning but the decline slowed in the afternoon.

Foreigners and institutions sold a net 264.1 billion KRW and 80 billion KRW, respectively. Foreigners also sold 102.1 billion KRW in the futures market. Institutions turned to selling in the afternoon. Individuals alone bought a net 326.6 billion KRW.

Looking at the top market capitalization stocks, semiconductors rose while batteries declined. Samsung Electronics +0.81%, SK Hynix +0.77%, Samsung Biologics +0.55%, Naver +1.96%, and Celltrion +1.62% increased. On the other hand, LG Energy Solution -1.32%, LG Chem -2.20%, Samsung SDI -5.40%, Hyundai Motor -0.85%, and Kia -2.00% fell.

The KOSDAQ closed at 744.96, up 2.11% (15.42 points) from the previous day. The KOSDAQ started at 730.33, up 0.11%, and expanded its gains throughout the session.

The demand pattern was opposite to that of the KOSPI. Foreigners and institutions bought a net 162.8 billion KRW and 85.5 billion KRW, respectively. Individuals sold a net 231.5 billion KRW.

Among the top market capitalization stocks, only HLB -0.64% and EcoPro -1.63% declined. The highest gainers were Cheonbo +5.91% and Lino Industrial +5.55%. In Cheonbo’s case, investor sentiment greatly improved following reports that it would sign a 2 trillion KRW electrolyte supply contract with LG Energy Solution within the year.

Shinhan Investment Corp’s research team explained, "Foreign demand, which had concentrated on large-cap stocks, shifted somewhat toward small and mid-cap stocks. As foreign demand flowed into the KOSDAQ, sectors such as semiconductors and telecommunications generally showed a favorable trend."

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