The KOSPI index surpassed the 3200 level during trading on the 11th, but then turned lower, finishing around the 3170 level. The KOSDAQ index regained the 800 level for the first time in 13 trading days.
On that day, the KOSPI index closed at 3175.77, down 7.46 points (0.23%) from the previous trading day. The KOSPI index rose to 3216.69 in early trading, setting a new yearly high, but turned lower in the afternoon and dropped to the 3170 level.
Individual investors attempted to prevent the index from falling by net buying 221.9 billion won worth of stocks in the securities market, but foreigners and institutions, who sought to realize profits, sold off 156 billion won and 88 billion won worth of stocks, respectively.
Among the top market capitalization stocks, Naver (-2.12%), Samsung Biologics (-1.85%), SK hynix (-1.18%), Hyundai Motor (-0.24%), and Celltrion (-0.06%) experienced declines.
In contrast, Samsung Electronics and its preferred stock, Samsung Electronics P, showed gains of over 2%. Analysts interpret this as a response to increasing expectations for improved performance in the second half of the year, which boosted investor sentiment. Additionally, LG Energy Solution (0.94%), Kia (0.70%), and KB Financial (0.34%) also rose slightly.
The news that the Lee Jae-myung administration plans to establish a "RE100 industrial complex" using 100% renewable energy sources, such as solar power, led to strong performances from related stocks, including OCI Holdings (11.90%), Green Chemical (3.79%), and Hanwha Solutions (1.87%).
The KOSDAQ index closed at 800.47, up 2.77 points (0.35%) from the previous trading day. This marks the first time the KOSDAQ index has regained the 800 level since the 24th of last month (closing at 800.93). On that day, foreign investors and institutions purchased 63.6 billion won and 12.3 billion won worth of stocks, while individuals net sold 67.6 billion won worth.
The KOSDAQ's market capitalization top stocks showed mixed performance. Ecopro and ECOPRO BM saw gains of 4% and around 3%, respectively, while HLB (1.19%) and LEENO Industrial (0.90%) also rose. In contrast, LigaChem Biosciences (-3.60%), Peptron (-2.64%), Alteogen (-2.23%), and HUGEL (-1.70%) faced declines.
Lee Jae-won, a researcher at Shinhan Investment Corp., noted, "The influx of foreign buying was driven by expectations that Samsung Electronics’ performance will improve in the second half of the year," adding that as leading stocks in industrial goods declined, large stocks like Samsung Electronics and secondary batteries are rebounding in a cycle of rotation.