Home » Business » KOSPI Index Falls 0.84% Amid Profit-Taking Sales, Foreigners Net Buy KRW 98.1 Billion

KOSPI Index Falls 0.84% Amid Profit-Taking Sales, Foreigners Net Buy KRW 98.1 Billion

[인포스탁데일리=박상철 기자]

■ KOSPI Index

The KOSPI index fell 0.84%, closing at 2,657.79, down 0.84% ​​amid profit-taking sales due to the recent strength of the index, falling for the first time in three days.

While the New York stock market was closed overnight for President’s Day, stock markets in major European countries closed mixed or flat in quiet trading.

By supply and demand, institutions net sold KRW 345.1 billion, while individuals and foreigners net bought KRW 204 billion and KRW 98.1 billion, respectively. In the futures market, foreigners net sold 7,433 contracts, while institutions and individuals net bought 3,858 and 3,180 contracts, respectively.

Banks such as Shinhan Financial Group (-4.00%) and Hana Financial Group (-4.58%), securities such as Mirae Asset Securities (-3.55%), Samsung Fire & Marine Insurance (-4.57%), and Hanwha Insurance, which have recently risen significantly due to expectations of the value-up program Low PBR industries such as non-life insurance such as insurance (-4.78%), life insurance such as Hanwha Life Insurance (-3.28%), automobiles such as Hyundai Motor Company (-4.16%), and holding companies such as Samsung C&T (-4.75%) and SK (-4.10%) Profit-taking sales appear to be concentrated in .

The government plans to announce the ‘Corporate Value Up Program’ on the 26th to resolve the ‘Korea Discount (Korean stock market undervaluation)’ phenomenon. The presentation will include information on tax incentives to promote the company’s shareholder return and value-up efforts.

On the other hand, secondary battery-related stocks such as LG Energy Solution (+1.64%) and POSCO Future M (+2.70%), which had been performing poorly, rebounded, and President Seok-yeol Yoon reaffirmed his intention to address the low birth rate and increase the number of medical schools in his remarks at the Cabinet meeting. Meanwhile, themes such as emergency education (+29.87%), clean country (+3.45%), and Samsung Publishing (+2.93%), as well as childbirth promotion policies and education/online education themes, rose.

Meanwhile, the People’s Bank of China, China’s central bank, lowered the 5-year LPR by 25 basis points from 4.2% to 3.95%. It has been eight months since the rate was lowered by 10 basis points from 4.3% to 4.2% in June last year. The one-year LPR is frozen at the current 3.45% and has remained at the same level for six months since August of last year. The 25bp cut in 5-year bonds is the largest since the LPR system was reformed in 2019 and exceeds market expectations.

Stock, stock price, finance, exchange graph. Photo = Pixabay

Stock markets in major Asian countries mostly rose, with Japan falling while China, Taiwan, and Hong Kong rose.

On this day, the won/dollar exchange rate recorded 1,337.6 won, up 2.4 won from the previous trading day.

Most of the top KOSPI stocks by market capitalization fell. Samsung C&T (-4.75%), Hana Financial Group (-4.58%), Hyundai Motor Company (-4.16%), Shinhan Financial Group (-4.00%), Samsung Life Insurance (-3.88%), Hyundai Mobis (-1.64%), Celltrion ( -1.37%), KB Financial Group (-1.31%), Kia (-1.28%), SK Hynix (-1.12%), POSCO Holdings (-1.01%), Samsung Electronics (-0.68%), NAVER (-0.49%) , LG Chem (-0.39%), Samsung BioLogics (-0.37%), etc. fell, while POSCO Future M (+2.70%), LG Energy Solution (+1.64%), Kakao (+0.86%), Samsung SDI ( +0.13%) etc. rose.

By industry, most industries fell. Insurance (-3.76%), finance (-2.58%), securities (-2.19%), distribution (-2.17%), transportation equipment (-2.05%), construction (-1.42%), textiles and apparel (-1.20%) , machinery (-1.05%), steel and metal (-0.83%), food and beverage industry (-0.58%), manufacturing industry (-0.47%), and service industry (-0.45%) fell. On the other hand, only paper and wood (+1.01%), medical precision (+0.55%), and electricity and gas (+0.04%) rose.

■ KOSDAQ Index

The KOSDAQ index rose for two consecutive days, closing at 866.17, up 0.90%, as foreigners and individuals continued net buying.

By supply and demand, foreigners and individuals net bought KRW 78.1 billion and KRW 47.8 billion, respectively, while institutions net sold KRW 108.4 billion.

Secondary battery-related stocks such as Ecopro BM (+3.89%), L&F (+5.33%), and Dongwha Enterprise (+9.26%), which had recently fallen significantly due to controversy over overvaluation and concerns about adjusting the speed of the U.S. electric vehicle transition, rebounded and led the index rise. . As anticipation for the PCPOSOS superconductor announcement continues, news of direct investment in Shinsung Delta Tech and Quantum Energy Research Institute has spread, and superconductor themes such as Shinsung Delta Tech (+29.95%), Seonam (+29.79%), and PowerLogics (+9.63%) have also increased. It ended strong.

Photo = Screen capture of Professor Kim Hyun-tak’s Science Cast account video where he claims the superconductor properties of LK-99

Top KOSDAQ market capitalization stocks had mixed ups and downs. Shinsung Delta Tech (+29.95%), Enchem (+10.45%), Hugel (+8.69%), Ecopro BM (+3.89%), EO Technics (+1.23%), HLB (+0.76%), Soulbrain (+ 0.55%), HPSP (+0.53%), Classys (+0.32%), and Rainbow Robotics (+0.30%) rose, while Alteogen (-2.57%), Pearl Abyss (-1.29%), and Kakao Games (-1.19%), LS Materials (-0.99%), Ecopro (-0.83%), Reno Industrial (-0.72%), Celltrion Pharmaceutical (-0.68%), JYP Ent. (-0.65%), Dongjin Semichem (-0.65%) etc. fell.

By industry, rising industries were dominant. Paper/wood (+5.99%), general electrical and electronics (+4.84%), broadcasting services (+2.08%), Internet (+2.06%), chemicals (+2.03%), communication broadcasting services (+1.61%), etc. Services (+1.60%), Manufacturing (+1.59%), Other Manufacturing (+0.92%), IT Components (+0.83%), Pharmaceuticals (+0.63%), Metals (+0.63%), Telecommunication Services (+0.60%) ) industries rose, while transportation equipment/parts (-1.18%), finance (-0.88%), construction (-0.58%), textiles/clothing (-0.57%), and software (-0.50%) industries fell. did.

Reporter Park Sang-cheol [email protected]

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2024-02-20 08:25:27
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