Individual 'Saja' leads KOSPI up 0.9%... Secondary Battery Stocks Rally

Foreigners and institutions are showing a selling bias, but the KOSPI index is rising due to individual buying pressure. Secondary battery stocks showed particularly strong performance.

[Image source=Yonhap News]

As of 9:26 a.m. on the 31st, the KOSPI index was trading at 2,631.20, up 22.88 points (0.88%) from the previous trading day. Individuals alone bought about 187.4 billion KRW worth, while foreigners and institutions sold about 186.9 billion KRW and 3.6 billion KRW respectively.

Among the top market capitalization stocks, POSCO Future M rose 3.33%, POSCO Holdings 2.91%, LG Energy Solution 2.21%, NAVER 0.95%, and Samsung SDI 0.75%. Samsung Biologics (-1.91%) and SK Hynix (-0.55%) declined.

By sector, distribution (3.22%), textiles and apparel (2.79%), chemicals (2.47%), and paper and wood (2.30%) showed strength. Pharmaceuticals (-0.74%) and transportation and warehousing (-0.11%) were weak.

On the 28th (local time), the U.S. stock market rose on news that the Federal Reserve's preferred inflation indicator slowed. The Dow Jones Industrial Average closed at 35,459.29, up 176.57 points (0.50%) from the previous session, the Standard & Poor's (S&P) 500 index closed at 4,582.23, up 44.82 points (0.99%), and the tech-heavy Nasdaq index recorded 14,316.66, up 266.55 points (1.90%).

Excluding energy and food, the June core Personal Consumption Expenditures (PCE) price index rose 4.1% compared to the same period last year. This was a slowdown compared to the market expectation of a 4.2% increase and the previous month's 4.6% rise. Month-over-month, it rose 0.2%, matching the market expectation of a 0.2% increase and lower than the previous month's 0.3% rise. Including energy and food prices, the June PCE price index rose 0.2% month-over-month and 3.0% year-over-year. This also slowed compared to the previous month's 0.1% monthly increase and 3.8% yearly rise.

At the same time, the KOSDAQ index was recorded at 925.78, up 12.04 points (1.32%) from the previous trading day. Individuals net bought about 136 billion KRW, while foreigners and institutions net sold about 100.6 billion KRW and 32.5 billion KRW respectively.

Among the top market capitalization stocks, POSCO DX rose 9.35%, EcoPro 6.79%, HPSP 5.15%, EcoPro BM 4.17%, and L&F 3.14%. On the other hand, Pearl Abyss (-1.44%), JYP Ent. (-0.59%), and Celltrion Pharm (-0.34%) declined.

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