Samsung Electronics Drives Index... KOSPI Closes at 2690 Level

The KOSPI index closed higher on the 20th amid Samsung Electronics' strong performance.

Securities company app, stock trading scene. Photo by Hyunmin Kim kimhyun81@

On that day, the KOSPI index closed at 2,690.14, up 33.97 points (1.28%) from the previous trading day. The index opened at 2,680.70, up 24.53 points (0.92%), and the upward trend continued. Foreign investors purchased 844.1 billion KRW, and institutions bought 586.6 billion KRW. Individual investors sold about 1.405 trillion KRW on their own.

Among the top market capitalization stocks, Samsung Electronics (5.63%), Samsung C&T Corporation (4.13%), Samsung Electronics Preferred (3.24%), Samsung Life Insurance (2.46%), Shinhan Financial Group (1.99%), KB Financial Group (1.79%), and Kakao (1.73%) rose. Conversely, Kia (-2.69%), SK Hynix (-2.31%), and POSCO Future M (-1.87%) declined.

Kang Jin-hyuk, a researcher at Shinhan Investment Corp., said, "The KOSPI index rose more than 1%. Jensen Huang, CEO of NVIDIA, commented on Samsung Electronics' High Bandwidth Memory (HBM), saying it is 'still being tested or has high expectations,' which caused Samsung Electronics' stock price to surge." He added, "SK Hynix, which NVIDIA heavily depends on for HBM supply, underperformed." While demand concentrated in the electric and electronics sector, foreign and institutional investors also showed simultaneous net buying in the financial sector.

By sector, electric and electronics (2.80%), paper and wood (2.28%), insurance (1.70%), and manufacturing (1.51%) rose. On the other hand, steel and metals (-0.87%), chemicals (-0.40%), electric and gas utilities (-0.38%), textiles and apparel (-0.24%), and telecommunications (-0.18%) declined.

The KOSDAQ index fell 0.46 points (0.05%) to 891.45 compared to the previous session. The index opened at 894.34, up 2.43 points (0.27%), but failed to maintain momentum. Foreign investors and institutions sold 17.2 billion KRW and about 46.7 billion KRW, respectively, while individual investors bought about 77.2 billion KRW.

Among the top market capitalization stocks, Solbrain (7.05%), EO Technics (6.02%), Shinseong Delta Tech (5.65%), Dongjin Semichem (5.24%), and Wemade (5.11%) rose. Conversely, Alteogen (-6.17%), LegoChem Biosciences (-5.12%), Classys (-4.55%), and Lino Industrial (-2.90%) declined.

Researcher Kang explained, "While demand concentrated on the KOSPI, the KOSDAQ was generally quiet. Foreign and institutional investors showed net selling for the second consecutive day, but the amounts were not large." On the same day, the won-dollar exchange rate in the Seoul foreign exchange market closed at 1,339.8 KRW, unchanged from the previous trading day.

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