KOSPI Steady Amid Cautious Sentiment... KOSDAQ Rises on Secondary Battery Rally

by Jang Hyowon

Published 29 Nov.2023 16:28(KST)

[Image source=Yonhap News]

The KOSPI index closed flat as cautious sentiment spread across the market. The KOSDAQ index ended the session higher, supported by a surge in secondary battery-related stocks.

On the 29th, the KOSPI index closed at 2,519.81, down 1.95 points (0.08%) from the previous day. Trading volume was 571.58 million shares, and the trading value was tentatively estimated at 9.2736 trillion KRW.

By investor type, institutions were net sellers with 138.8 billion KRW, while foreigners and individuals were net buyers with 72.1 billion KRW and 68.3 billion KRW, respectively. Program trading saw net buying of 18.7 billion KRW in arbitrage trading and 84.7 billion KRW in non-arbitrage trading.

The KOSPI index started slightly lower and closed near flat as cautious sentiment expanded ahead of the November rally concerns in the New York stock market and the upcoming release of the U.S. Federal Reserve's Beige Book and PCE inflation data. Meanwhile, the secondary battery sector maintained its upward momentum, supporting the index.

By sector, construction fell 2.26%, insurance 1.98%, medical precision 1.81%, electric and gas utilities 1.52%, food and beverages 1.34%, textiles and apparel 1.31%, finance 1.23%, and securities 1.04%. In contrast, electronics rose 0.67%, and steel and metals gained 0.33%.

Among the top market capitalization stocks, performances were mixed. Samsung Electronics closed near flat, while SK Hynix fell 0.76% and Hyundai Motor dropped 0.48%. LG Chem and NAVER also remained flat. On the other hand, LG Energy Solution surged 2.76%, Samsung Biologics rose 0.28%, POSCO Holdings gained 1.05%, and Kia increased 1.65%.

The KOSDAQ index closed higher, buoyed by a sharp rise in secondary battery-related stocks. The KOSDAQ index ended at 822.44, up 6.0 points (0.73%) from the previous day. By investor type, institutions and individuals were net sellers with 5 billion KRW and 130.9 billion KRW, respectively, while foreigners were net buyers with 148.5 billion KRW.

Among the top market capitalization stocks, EcoPro BM and EcoPro rose 10.22% and 4.08%, respectively, while POSCO DX gained 0.87%, L&F surged 15.95%, and HPSP increased 4.25%. Conversely, Celltrion Healthcare fell 2.06%, HLB dropped 1.84%, Alteogen declined 0.51%, and Rainbow Robotics fell 6.89%.