"POSCO Group Buzzes, KOSPI Ends Up Brightly at 2628.53"

Battery Sector Strengthens in Both KOSPI and KOSDAQ Indices
Samsung Electronics Closes with a Positive Turnaround

Korea Exchange, Yeouido, Seoul. Photo by Jinhyung Kang aymsdream@

The KOSPI index closed higher on the 24th, supported by strong buying from individual investors. The combined strength of POSCO Group stocks and the battery sector led the market. Meanwhile, the KOSDAQ started higher but ended in a decline.

The KOSPI finished at 2,628.53, up 0.72% (18.77 points) from the previous trading day. It opened at 2,608.47, down 0.05%, but turned upward during the morning session and maintained the momentum into the latter part of the day.

The index was driven primarily by individuals, who were net buyers of 460.5 billion KRW. In contrast, foreigners and institutions were net sellers of 169.2 billion KRW and 294.5 billion KRW, respectively. In the futures market, foreigners alone sold 184.2 billion KRW, while individuals and institutions bought 68 billion KRW and 75.7 billion KRW, respectively.

Among the top 10 stocks by market capitalization, POSCO Group stocks and the battery sector stood out. POSCO Holdings surged 16.52% to close at 642,000 KRW. POSCO Future M also rose 10.50% to 542,000 KRW following news of a 683.4 billion KRW facility investment.

Additionally, LG Energy Solution closed up 4.92%, Samsung SDI rose 3.79%, and LG Chem gained 2.74%. Notably, Samsung SDI’s stock price surpassed 700,000 KRW after announcing a memorandum of understanding (MOU) to build a second joint venture plant with U.S. automaker Stellantis.

On the other hand, the KOSDAQ closed at 929.90, down 0.50% (4.68 points) from the previous day. It opened at 934.99, up 0.04% (0.41 points), but soon turned downward.

Contrary to the KOSPI, the KOSDAQ index fell due to selling pressure from individuals, who were net sellers of 152.4 billion KRW. Foreigners and institutions were net buyers of 106.3 billion KRW and 80.5 billion KRW, respectively.

Among the top 10 stocks by market capitalization, POSCO and battery-related stocks also showed strength. POSCO DX led with a 7.36% increase, followed by EcoPro BM +6.03%, L&F +4.85%, EcoPro +1.57%, and Celltrion Pharm +0.60%.

Meanwhile, in the Seoul foreign exchange market, the won-dollar exchange rate closed at 1,279.9 KRW, down 3.5 KRW from the previous session.

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