Home » Business » KOSPI and KOSDAQ Index Rise Despite Ex-Dividend Date – Foreign Investors Lead Strong Performance

KOSPI and KOSDAQ Index Rise Despite Ex-Dividend Date – Foreign Investors Lead Strong Performance

[비즈니스포스트] Although the ex-dividend date was reached, the KOSPI index rose for two consecutive trading days and ended trading above the 2610 level. The KOSDAQ index also turned upward after 4 trading days.

According to the Korea Exchange on the 27th, the KOSPI index closed at 2613.50, up 10.91 points (0.42%) from the previous day.

▲ On the afternoon of the 27th, the KOSPI and KOSDAQ indices are displayed on the Korea Exchange in Yeouido, Seoul. <연합뉴스>

Choi Yu-jun, a researcher at Shinhan Investment & Securities, analyzed, “The KOSPI index closed higher for two consecutive days despite the impact of ex-dividends. As the dividend date was dispersed and interim dividends increased, the impact of ex-dividends was not significant and the transfer tax issue for major shareholders was resolved.”

Looking at each investor, foreign investors net bought KRW 229.9 billion and individual investors net bought KRW 203.7 billion. Institutional investors made net sales worth 444.4 billion won.

The strength of the U.S. semiconductor stock industry the day before continued to the domestic stock market. Samsung Electronics (1.83%) stock price continued its upward trend, rallying to a 52-week high. Samsung Electronics Woo (1.48%) shares also rose.

The stock prices of POSCO Group stocks, including POSCO Holdings (4.01%), rose simultaneously on news of the expansion of the semiconductor rare gas business.

In addition, the stock prices of LG Energy Solutions (1.32%), Samsung BioLogics (0.97%), Kia (0.73%), and Naver (3.48%) closed higher. The stock prices of SK Hynix (-0.35%), Hyundai Motors (-0.15%), and LG Chemical (-0.92%) fell.

On this day, the KOSDAQ index also rose. The KOSDAQ index closed at 859.79, up 11.45 points (1.35%) from the previous day.

Foreign investors led the strong performance with net purchases worth 254.3 billion won. Institutional investors net sold KRW 76.6 billion and individual investors net sold KRW 74.5 billion.

As the transfer tax issue was eased, stock prices of major secondary battery stocks such as EcoPro BM (2.29%), EcoPro (0.16%), and L&F (7.94%) rose.

Shares of POSCO DX (0.42%), HLB (2.83%), Alteogen (5.11%), JYP Entertainment (1.93%), and Rainbow Robotics (2.99%) also rose.

HPSP (-1.07%) and Celltrion Pharmaceutical (-0.79%) stock prices fell.

The won/dollar exchange rate closed at a level that was not much different from the previous day. The won/dollar exchange rate closed at 1294.2 won, 0.3 won lower than the previous day. Reporter Jeong Hee-kyung

2023-12-27 08:35:05
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