‘Lee Jae-yong arrested’ Samsung Group shares rise
Kia Motors soared 16%,’reporting price’
Won-dollar exchange rate decline
Photo = Getty Image Bank
The KOSPI index rose in 3 trading days and ended under the chin of the 3100 line.
On the 19th, the KOSPI index ended at 3092.66, up 78.73 points (2.61%) from the previous day. The index, which closed sharply the previous day, started lowering from the 3010 line on the same day, but increased rapidly after turning upward. During the week, it climbed to 3107.00 and crossed the 3100 line.
Byun Joon-ho, a researcher at Heungkuk Securities, pointed out that “there is a growing concern about the stock market overheating, but the KOSPI valuation burden is still not large.”
“For foreigners, the KOSPI is undervalued compared to the US, Japan and emerging markets,” he said. “Investment will move to undervalued and valued stocks with increased confidence in the economic recovery.”
It was foreigners and institutions that led the index to rise. Foreigners shouted’lions’ after 3 trading days and made a net purchase of 4127 billion won. The agency returned after 8 trading days. It showed an advantage in buying 56.1 billion won, mainly in financial investment. Individuals net sold 1.29 trillion won.
All industries rose all at once. Paper, wood, chemicals, non-metallic minerals, and transportation warehouses in the construction industry showed a 3-4% strength. The transportation equipment industry soared more than 8%. Hyundai Motor Company(261,500 +8.51%) The influence of the three people was large.
Hyundai Motors rose more than 8%, exceeding the 260,000 won range, and Hyundai Mobis(345,000 +6.65%)Showed strength in the 6% range. Kia Motors(83,400 +16.64%)Represents a 16% surge, rising to 83,400 won, and a new 52-week reported price.
Hyundai Motor Group’s_electric vehicle_dedicated_platform_E-GMP.
The Hyundai Motor Group is expected to expand its market share in the electric vehicle market along with the effect of E-GMP, an electric vehicle platform. It is also positive that Apple and the autonomous electric vehicle are discussing cooperation.
Earnings are also expected to improve this year on improved demand. Lee Jae-il, a researcher at Eugene Investment & Securities, said, “In the case of Hyundai Motors, sales in the domestic market increased compared to the previous year despite the re-proliferation of Corona 19.”
He predicted that Hyundai Motor’s operating profit this year will increase 143.5% from last year’s estimate to 6.8 trillion won, and sales will increase 11.6% to 11.5 trillion won.
Samsung Electronics, which fell more than 3% the day before as Vice Chairman Lee Jae-yong was arrested in court(87,000 +2.35%)Rose more than 2% on this day and ended at 87,000 won. Other Samsung Group affiliates also rose. Samsung Biologics(796,000 +1.02%) Samsung C&T(144,000 +0.70%) Samsung Heavy Industries(6,850 +1.48%) Etc. rose to around 1%, Samsung Electronics, Samsung SDI(732,000 +3.68%) Samsung Engineering(13,600 +3.03%) The back rose 2-3%. Samsung Electro-Mechanics(207,000 +4.81%)Surged more than 4%.
The KOSDAQ index also rose. The transaction ended at 957.75, up 13.08 points (1.38%) from the previous day.
Foreign institutions each net bought 2374 billion won and 58.1 billion won. Individuals net sold 2742 billion won.
Celltrion Healthcare(140,000 +0.57%) Celltrion Pharmaceutical(181,700 +1.23%)Alteogen has risen to around 1%(149,500 +4.04%) Eco Pro BM(190,000 +0.96%) SK Materials(328,300 +3.50%) The back showed a 3-4% strength.
In the Seoul foreign exchange market, the won-dollar exchange rate closed at 1102.9 won, down 1.0 won from the previous day.
Chae Seon-hee, Hankyung.com reporter [email protected]