Since the launch of the new government, the domestic stock market has continued to soar, with one in five listed stocks setting new 52-week highs.
According to the Korea Exchange on the 15th, from the 1st to the 13th of this month, a total of 444 stocks (excluding SPACs and REITs) recorded 52-week highs during intraday trading. This represents 17% of all listed stocks (2,559).
In the Korea Securities Dealers Automated Quotations (KOSDAQ), 260 stocks hit 52-week highs, while the KOSDAQ observed 184 stocks doing the same.
In particular, stocks expected to benefit from the new government's policies recorded numerous new highs.
After President Lee Jae-myung emphasized achieving 'KOSPI 5,000' through amendments to the Commercial Act, the stock prices of securities firms and holding companies that can expect direct benefits surged to record highs.
On the 9th, LOTTE Corporation's stock rose to 32,300 won during trading, while DAISHIN SECURITIES and BOOKOOK Securities also reached 26,600 won and 46,500 won, respectively, setting new 52-week highs.
Additionally, renewable energy-related stocks such as HD Hyundai Energy Solutions (5th, 58,700 won) and LS Marine Solution (12th, 34,600 won) saw significant increases. This follows President Lee's promises to establish a Climate and Energy Ministry overseeing climate and energy policies, as well as expanding the distribution of solar and wind energy.
As expectations grew that inter-Korean relations would improve with the suspension of loudspeakers by the Ministry of National Defense, stocks related to inter-Korean cooperation, such as J.ESTINA (10th, 3,775 won) and Ananti (13th, 10,760 won), also recorded new highs.
With expectations that the local currency project will expand, stocks related to it such as KONA I (9th, 86,000 won) and Kakao Pay (13th, 64,600 won) also hit 52-week highs.
The market anticipates that the upward trend will continue in the second half of this year. However, some analysts suggest there may be sector rotation within beneficiary stocks. Semiconductor and entertainment-related stocks are considered potential leaders in the next rise.