KOSPI Rises 0.9% to 2630 on Individual Investors' 'Buying'... Secondary Battery Stocks Strengthen

KOSDAQ Rises 2.43% to 930 Level

The KOSPI index closed higher for three consecutive trading days due to massive buying by individual investors. In particular, funds flowed into secondary battery stocks.

[Image source=Yonhap News]

On the 31st, the KOSPI index closed at 2,632.58, up 24.26 points (0.93%) from the previous trading day. The index started trading at 2,628.87, up 20.55 points (0.79%), and extended its gains. Individuals alone purchased stocks worth approximately 346.4 billion KRW, while foreigners and institutions sold stocks worth about 292.4 billion KRW and 93.5 billion KRW, respectively.

Among the top market capitalization stocks, NAVER (7.58%), POSCO Holdings (3.72%), POSCO Future M (3.33%), LG Energy Solution (3.32%), and Samsung SDI (0.30%) rose. Meanwhile, SK Hynix (-3.59%), Samsung Biologics (-2.30%), Samsung Electronics (-1.13%), Hyundai Motor (-0.41%), and LG Chem (-0.31%) showed weakness.

By sector, Medical Precision (4.17%), Chemicals (3.75%), Distribution (3.49%), Non-metallic Minerals (3.22%), and Steel & Metals (3.11%) rose. Conversely, Transportation & Warehousing (-0.87%), Electric & Gas (-0.36%), Pharmaceuticals (-0.21%), Electrical & Electronics (-0.18%), and Telecommunications (-0.08%) declined.

The KOSDAQ index closed at 935.97, up 22.23 points (2.43%) from the previous trading day. Individuals and institutions purchased approximately 1.1 billion KRW and 59.4 billion KRW worth of stocks, respectively, while foreigners sold about 46.9 billion KRW worth.

Among the top market capitalization stocks, most showed gains. POSCO DX (12.10%), EcoPro (9.33%), L&F (7.97%), EcoPro BM and HLB (2.82%), Celltrion Healthcare (2.33%), SM (2.03%), JYP Ent. (1.04%), Pearl Abyss (0.54%), and Celltrion Pharm (0.23%) rose.

Kim Seok-hwan, a researcher at Mirae Asset Securities, explained, "The domestic stock market showed strength in both KOSPI and KOSDAQ markets due to the strong performance of the secondary battery sector." Lee Kyung-min, a researcher at Daishin Securities, said, "The slowdown in the US June Personal Consumption Expenditures (PCE) price index announced last week brought in disinflation and expectations for a soft economic landing. The July manufacturing Purchasing Managers' Index (PMI) released by China's National Bureau of Statistics was 49.3, continuing the contraction phase, but it exceeded the market expectation of 48.9 and June's 49, stimulating a reduction in concerns about the Chinese economy."

Meanwhile, the USD/KRW exchange rate closed at 1,274.6 KRW, down 2.4 KRW from the previous trading day.

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