KOSPI Closes Up at 2613.50... Samsung Electronics Hits New High for 5 Consecutive Trading Days
On the 27th, the KOSPI closed higher, rising to the 2613 level. Samsung Electronics recorded a 52-week high for the fifth consecutive trading day, closing at 78,000 KRW.
The KOSPI ended the day at 2613.50, up 0.42% (10.91 points) from the previous day. It opened at 2599.35, down 0.12% (3.24 points) from the previous day, but rebounded during the morning session.
In the early session, both foreigners and institutions sold simultaneously, but foreigners turned to a buying stance. Individuals and foreigners net purchased 203.7 billion KRW and 229.9 billion KRW, respectively. In contrast, institutions alone net sold 444.4 billion KRW. In the futures market, foreigners bought 385.3 billion KRW, while individuals and institutions sold 350.2 billion KRW and 22.4 billion KRW, respectively.
Among the top 10 stocks by market capitalization, the market closed mixed. Samsung Electronics, the largest by market cap, rose 1.83% to close at 78,000 KRW. LG Energy Solution +1.32%, Samsung Biologics +0.97%, POSCO Holdings +4.01%, Kia +0.73%, NAVER +3.48%, and Samsung SDI +1.90% also ended the day higher.
The KOSDAQ closed at 859.79, up 1.35% (11.45 points) from the previous day. It opened at 851.49, up 0.37% (3.15 points) from the previous day, and showed a steady trend throughout the day. Foreigners solely net purchased 254.3 billion KRW, driving the index, while individuals and institutions net sold 74.5 billion KRW and 76.6 billion KRW, respectively.
Among the top 10 stocks by market capitalization on the KOSDAQ, most ended higher. Notable gains included EcoPro BM +2.29%, L&F +7.94%, HLB +2.83%, Alteogen +5.11%, and JYP Entertainment +1.93%.
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Lee Jaeman, a researcher at Hana Securities, commented, "There has been a lack of significant momentum as the year-end approaches. The biggest recent event in the stock market was the decline in the U.S. Personal Consumption Expenditures (PCE), but the upside risk is higher than the downside risk until the end of the year."
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