(Seoul = Yonhap News) Reporter Kim Yu-ah = KOSPI closed higher on the 2nd and regained the 7,000 mark (7,000 pi) in 5 trading days.
On this day, KOSPI ended trading at 7,003.74, up 32.39 points (0.46%). It rose to the 7,000 mark again for the first time since the 23rd.
The index started at 6,938.27, down 33.08 points (0.47%), and at one point fell 0.62%, but continued to fluctuate before rising at the end of the day.
Institutions had a buying advantage of 381.3 billion won, foreigners had a selling advantage of 136.7 billion won, and individuals had a selling advantage of 1.7205 trillion won.
In the morning, all three entities showed net selling, widening the gap between supply and demand, but in the afternoon, the institutions changed direction to net buying.
Other corporations, which have recently emerged as major suppliers due to the repurchase of shares by Samsung Electronics and SK Hynix, made net purchases of KRW 1.483 trillion.
In the KOSPI 200 futures market, foreigners alone made net purchases of KRW 1.0105 trillion, while institutions and individuals net sold KRW 821.4 billion and KRW 137 billion, respectively.
As of 3:30 p.m. on this day, the won-to-dollar exchange rate in the Seoul foreign exchange market was 1,350.6 won, down 7.8 won from the previous day.
A wait-and-see attitude was felt ahead of the National Foundation Day holiday starting on the 3rd and the release of the US employment indicator that evening.
The market expects that if employment in the U.S. appears to have slowed in September, the possibility of an interest rate hike will become lower.
Kyeong-min Lee, a researcher at Daishin Securities, analyzed, "It fluctuated in the range of stability amid caution regarding macro variables such as interest rates and oil prices. The wait-and-see attitude continued due to the absence of new momentum to offset the burden of (global) high interest rates."
He then predicted, "Until Samsung Electronics [005930]'s provisional earnings announcement on the 8th, interest rate volatility will likely determine the direction of the stock market. In areas where there are no clear events, limited fluctuations will continue depending on external variables."
Samsung Electronics was flat (0.00%), and SK Hynix [000660] rose 0.44%.
Samsung Electronics, which has been purchasing its own shares since last August, achieved a cumulative purchase rate of 100.96% this morning compared to the previous day's plan based on volume. The amount of share repurchases during this period was 14.1565 trillion won. However, based on the 'accumulated amount of 15 trillion won', it appears that there is room to purchase approximately 3 million additional shares.
Looking at other top stocks in market capitalization, SK Square [402340] (0.43%), Samsung Electro-Mechanics [009150] (1.28%), LG Energy Solution [373220] (2.91%), KB Financial Group [105560] (0.84%), and Samsung Life Insurance [032830] (1.76%) rose. Hyundai Motors [005380] (-0.72%), Samsung BioLogics [207940] (-4.51%), and Samsung C&T [028260] (-0.29%) fell.
In particular, oil refining stocks such as SK Innovation [096770] (10.32%), S-OIL [010950] (11.69%), and GS [078930] (4.11%) mainly rose due to the rise in international oil prices, and Korea Optical Telecommunications [010170] (4.71%) due to news of expansion of facility investment by U.S. memory company Micron. Fiber optic stocks such as Mercury [100590] (29.80%) and Oi Solution [138080] (9.26%) also soared.
By industry, chemicals (3.32%), metals (1.75%), and communications (1.26%) rose by more than 1%, and pharmaceuticals (-2.46%) fell, but construction (-0.99%), entertainment/culture (-0.55%), and securities (-0.28%) fell slightly.
KOSDAQ closed at 893.29, down 1.00p (0.11%). This is the first decline in 6 trading days.
KOSDAQ started at 893.22, down 1.07p (0.12%), and rose to 903.88 (+1.07%) at one point, recovering to the 900 level during the day for the first time in three months since July 2, but giving back the increase.
KOSDAQ rose 7.18% in 5 trading days from the 23rd of last month to the previous day.
Foreigners net sold 174.2 billion won, institutions net bought 93.7 billion won, and individuals net bought 81.4 billion won.
Among the top stocks in market cap, Jusung Engineering [036930] fell 1.66%, losing its third place in market cap to Ecopro BM [247540] (0.87%). The two stocks have been fighting for second to fourth place in market cap since the beginning of the week.
On this day, the trading volume in the stock market and KOSDAQ market was calculated to be 15.2906 trillion won and 8.3527 trillion won, respectively.
The total trading volume in the free market and main market of alternative exchange Nexttrade is 7.895 trillion won.
