On the 29th, the KOSPI index rose for the fifth consecutive transaction day, maintaining the 3200 level. The net buying by foreign investors led the upward market. Samsung Electronics traded above 60,000 won during the day but recovered to the 70,000 won level at the close. The KOSDAQ index closed lower but held above 800.
The KOSPI index closed at 3230.57, up 21.05 points (0.66%) from the previous transaction day. The index started at 3192.17, down 0.54% from the previous day, and fell over 1% right after opening. It turned upward in the afternoon.
In the securities market, foreigners and institutions bought 603.8 billion won and 52.9 billion won, respectively, while individuals sold a net 727.6 billion won. Foreigners also had a net purchasing of 1.146 trillion won in the futures market.
The top 10 stocks by market capitalization in the securities market generally rose. Samsung Electronics and SK hynix rose by 0.28% and 0.19%, respectively, while LG Energy Solution increased by 3.02%. Samsung Biologics also closed up 1.97%.
Hanwha Aerospace rose by 4.72%, approaching the blue chip status, while KB Financial (0.72%), HD Hyundai Heavy Industries (1.94%), Kia (0.19%), and Doosan Enerbility (2.52%) also saw increases. On the other hand, Hyundai Motor was the only stock down, showing a 0.23% decline.
By industry, defense, shipbuilding, nuclear power, holdings, and financial holdings rose. However, the semiconductor, chemical, automotive, steel, and securities sectors fell. Lee Jae-won, a researcher at Shinhan Investment Corp, noted, "Amid ongoing concerns about tax reform, semiconductors and those stocks that had fallen significantly the previous day led the index rise."
Lee Kyung-min, head of investment strategy at DAISHIN SECURITIES, said, "Net buying was concentrated in large-cap and mid-cap stocks across industries, and foreigners also made net purchases exceeding 1 trillion won in the futures market," adding, "The improvement in foreign investors' investment sentiment seems to be attributed to expectations of a turnaround for Samsung Electronics."
Samsung Electronics' stock rose 6.83% following the announcement of a semiconductor contract manufacturing deal worth 22 trillion won the previous day. Although Samsung Electronics did not disclose this through a public announcement, it became known that the counterparty for the contract was Tesla, after Elon Musk, the chief executive officer of Tesla, posted on social media.
The KOSDAQ index closed at 804.45, up 0.05 points (0.01%) from the previous day. In the KOSDAQ market, individuals net purchased 60.5 billion won, while foreigners and institutions net sold 7.1 billion won and 34.5 billion won, respectively.
The top 10 stocks by market capitalization in the KOSDAQ exhibited mixed performance. Peptron showed the largest increase of 6.41%. Sam Chun Dang Pharm and PharmaResearch rose by 4.76% and 3.66%, respectively. Rainbow Robotics increased by 0.56%.
On the contrary, ECOPRO BM decreased by 4.1%, and Ecopro fell by 3.85%. ABL Bio (-4.18%), HLB (-1.11%), LigaChem Biosciences (-0.64%), and Alteogen (-0.11%) also showed weak performance.
Meanwhile, as of the market closing time, the exchange rate of the won against the U.S. dollar (won-dollar exchange rate) rose by 1.7 won compared to the previous transaction day, reaching 1390.8 won.