The second-quarter stock valuation of the National Pension increased by more than 35 trillion won, driven by strong performances from large semiconductor stocks such as SK hynix and Samsung Electronics.
According to financial data provider FnGuide on the 8th, the number of corporations that the National Pension reported holding an equity stake of over 5% in the second quarter (April 1 to July 4) totaled 290.
This includes 16 newly added corporations with an equity stake of over 5% during the period and 17 corporations that were reduced to below 5%.
During this period, the National Pension's stock valuation increased from 137.0641 trillion won to 172.6624 trillion won, marking an increase of 35.5983 trillion won.
The increase in the National Pension's stock valuation for the second quarter was significantly attributed to large semiconductor stocks. The stock valuation of SK hynix, which continues to achieve maximum performance due to high bandwidth memory (HBM) results, increased the most by 4.2675 trillion won, with an equity stake of 7.35%.
The stock valuation of Samsung Electronics, the largest company by market capitalization in the domestic stock market, also rose by 2.5225 trillion won, with an equity stake of 7.75%.
Park Yu-ak, a researcher at Kiwoom Securities, noted, "The strong performance of SK hynix's HBM division continues. However, in the second half of the year, Micron's entry into the HBM3 market is expected, and Samsung Electronics will begin supplying samples of HBM4, which will increase concerns about SK hynix's ability to maintain its monopolistic market position."
Meanwhile, Doosan Enerbility (1.8405 trillion won), KB Financial (1.1059 trillion won), Korea Electric Power Corporation (914.9 billion won), and HD Hyundai Heavy Industries (857.5 billion won) followed.
In contrast, the stock valuations of large secondary battery stocks such as LG Energy Solution (-344.2 billion won) and Samsung SDI (-18.9 billion won) decreased. Additionally, the stock valuations of SK Telecom (-127.9 billion won), Meriz Financial Group (-112.7 billion won), and SHIFT UP (-73.1 billion won), which experienced hacking incidents in April, also declined.
During this period, the National Pension increased its equity holdings in Hyundai E&C (2.65 percentage points), SK Chemicals (2.23 percentage points), and GS Engineering and Construction (2.18 percentage points), while reducing its holdings in STX Engine (-4.21 percentage points), HAESUNG DS (-3.18 percentage points), and Samwha Electric (-2.3 percentage points).
The newly added listed companies in which the National Pension acquired an equity stake of over 5% include L&C, JYPEnt., MNC Solution, and DAISHIN SECURITIES. In contrast, the listed companies that were reduced to below 5% include POSCO FUTURE M, L&F, OTOKI, and Jeju Air.