On the 24th, the Korea Composite Stock Price Index rose in early trading due to the positive close of the three major U.S. stock indices, but ultimately finished lower. The Democratic Party's news of plans to initiate impeachment proceedings against Prime Minister Han Duck-soo also had an impact.
On the 24th, the Korea Composite Stock Price Index closed at 2,440.52, down 1.49 points (0.06%) from the previous trading day. The total transaction amount was 6.66427 trillion won. In the securities market, individuals and foreigners had net sell-offs of 95.7 billion won and 17.2 billion won, respectively, while institutions showed a buying advantage with net purchases worth 22 billion won.
The Korea Composite Stock Price Index opened at 2,452.85, up 10.84 points (0.44%) from the previous trading day, fluctuating around the 2,450 mark in early trading. Around 9:40 a.m., news broke that Park Chan-dae, the Democratic Party's floor leader, said, "We will immediately initiate the impeachment process against the Prime Minister," causing the index to turn to a downward trend and ultimately failing to rebound.
The market capitalization of major stocks in the securities market closed mixed. The leading stock, Samsung Electronics, ended up 1.68%, influenced by strong performance in technology stocks on the U.S. stock market. Hyundai Motor, Celltrion, and NAVER also saw their stock prices rise, while SK Hynix, LG Energy Solution, Samsung Biologics, Kia, and KB Financial closed lower.
The Korea Securities Dealers Automated Quotations Index closed at 680.11, up 0.87 points (0.13%) compared to the previous session. However, the index showed a pattern of initially rising and then declining. It started at 684.41, up 6.22 points (0.92%) from the previous trading day, but the pace of the increase slowed. Individuals and foreigners net sold 69.6 billion won and 6.8 billion won, respectively, while institutions purchased 97.2 billion won.
The market capitalization of top stocks in the Korea Securities Dealers Automated Quotations market also showed mixed results. Rainbow Robotics closed up 8.09%, and Alteogen and Rigakembo closed up 6.86% and 6.17%, respectively. EcoProBM, Classys, and Rino Industrial also posted gains, while HLB, EcoPro, and Samsung Pharmaceutical ended lower.
Lee Jae-won, a researcher at Shinhan Investment Corp., analyzed that the Korea Securities Dealers Automated Quotations index is experiencing sector rotation amidst lackluster transaction volumes, noting that stocks related to cosmetics and medical devices are showing strong performance due to expectations of benefits from high exchange rates.