KOSPI Barely Closes Above 2500... Stocks Under Stock Manipulation Suspicion Also End Higher

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The KOSPI index started slightly higher on the 28th and barely closed above the 2500 mark.

On this day, the KOSPI index closed at 2501.53, up 0.23% (5.72 points) from the previous trading day. The KOSPI opened at 2511.79, up 0.64% (15.98 points) from the previous day, then briefly reversed to fall below the 2500 level during the session, but extended gains in the latter part of the day to settle above 2500.

Net buying by individuals and foreigners drove the index higher. Individuals purchased stocks worth 137.5 billion KRW, and foreigners bought 297.8 billion KRW worth of shares. Conversely, institutions sold stocks worth 355.9 billion KRW.

Among the top 10 KOSPI market capitalization stocks, Samsung Electronics (1.39%), SK Hynix (0.79%), Samsung Biologics (0.39%), and Samsung Electronics Preferred (1.09%) closed higher. LG Energy Solution (-1.02%), LG Chem (-0.13%), Samsung SDI (-2.12%), Hyundai Motor (-2.23%), Kia (-2.42%), and POSCO Holdings (-2.58%) closed lower.

Stocks recently shaken by SG Securities-related stock manipulation allegations also closed higher across the board. Samchully closed at 153,000 KRW, up 22.89% from the previous day. Daesung Holdings, which had recorded the lower limit price for four consecutive days, also closed up 8.79% at 34,050 KRW. Additionally, Seoul Gas (13.49%), Dow Data (5.34%), Harim Holdings (2.97%), Sebang (11.07%), and Daol Investment & Securities (10.43%) all closed higher. Sunghwang, which had been the only stock declining, reversed to close up 2.10% at 41,250 KRW.

By sector, securities (1.89%), services (1.72%), insurance (1.60%), textiles and apparel (1.50%), distribution (1.06%), and finance (1.06%) rose, while steel and metals (-2.17%), transportation equipment (-1.70%), machinery (-1.47%), medical precision (-1.02%), and non-metallic minerals (-0.98%) declined.

Lee Kyung-min, a researcher at Daishin Securities, said, “The KOSPI is showing a reaction phase after having shown relative strength compared to global markets this month. Next week, with only three trading days due to Labor Day (May 1) and Children’s Day (May 5) holidays, a split buying strategy that utilizes volatility is more effective than aggressive investing.”

On the same day, the KOSDAQ closed at 842.83, down 0.87% (7.38 points) from the previous day. The index opened at 860.11, up 1.16% (9.90 points) from the previous close, but reversed to decline during the session.

By investor type, individuals alone bought stocks worth 395.2 billion KRW, while foreigners and institutions sold stocks worth 365 billion KRW and 29.4 billion KRW, respectively.

Among the top 10 KOSDAQ market capitalization stocks, all except Ecopro BM (-0.93%), Celltrion Healthcare (-0.86%), L&F (-3.99%), and Celltrion Pharm (-1.69%) closed higher. These include Ecopro (2.96%), HLB (1.00%), Kakao Games (0.88%), JYP Ent. (2.50%), Osstem Implant (0.16%), and Pearl Abyss (0.58%).

By sector, digital content (2.48%), finance (2.23%), and entertainment culture (1.00%) rose, while metals (-3.72%), other manufacturing (-3.11%), IT components (-2.67%), transportation equipment parts (-2.22%), machinery equipment (-2.13%), and chemicals (-2.01%) declined.

On this day, the daily trading value on the KOSPI and KOSDAQ markets was 13.6392 trillion KRW and 11.9172 trillion KRW, respectively.

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