‘Lion’ in a single day
LG Electronics may sell its mobile business
Won-dollar exchange rate fell by 2.6 won
(Photo = Getty Image Bank)
The KOSPI index ended higher for two consecutive days thanks to the return of individual investors in one day.
On the 20th, the KOSPI index closed at 3114.55, up 21.89 points (0.71%) from the previous day. On this day, the index rose 22.38 points (0.72%) compared to the previous trading day, starting at 3115.04 and continuing fluctuations.
Last night, US Treasury Secretary Janet Yellen actively emphasized the need for stimulus measures, and the domestic stock market also blew up at the beginning of the market. In the midst of the market, the supply and demand battles of individuals and institutions continued to show a steady trend, but individuals expanded their purchases and led the index to rise.
Seo Sang-young, a researcher at Kiwoom Securities, said, “The Korean stock market started rising on the back of the remarks of the finance minister’s nominee Yellon, who mentioned the large-scale stimulus policy of the United States. It encouraged a decline in the index,” he said, “but it ended higher thanks to the net purchase of individual investors.”
In the stock market, individuals net bought 1.437.5 billion won. Foreigners and institutions were superior in selling 237.7 billion won and 1,234.4 billion won, respectively.
Among the top stocks by market capitalization, LG Electronics ended up soaring by 12% on the news that it plans to sell its smartphone (MC) division, which has recorded a deficit for 23 consecutive quarters. Kia Motors ended up 5%, running for the second day in anticipation of the’Apple Car’. During the week, the reported price rose to 9,500 won.
SK rose more than 8%. The news that President Moon Jae-in visited the SK Bioscience factory was interpreted as a good news. On that day, President Moon visited the SK Bioscience factory in Andong, Gyeongsangbuk-do to inspect the vaccine production site for the novel coronavirus infection (Corona 19).
President Moon said, “SK has built a vaccine factory and raised manpower since 20 years ago.”
On the other hand, Hyundai Motor, Samsung Biologics, and Celltrion fell slightly.
The KOSDAQ index closed at 977.66, up 19.91 points (2.08%) from the battlefield. The index started at 959.52, up 1.77 points (0.18%) compared to the previous trading day and increased the increase.
In the KOSDAQ market, foreigners and institutions net bought 2681 billion won and 2162 billion won, respectively. Individuals net sold 4506 billion won.
Among the top stocks in the market cap, most stocks excluding Celltrion Pharm rose. SK Materials showed an 8% rise, while HLB and Pearl Abyss ended up 2%.
In the Seoul foreign exchange market, the won-dollar exchange rate ended at 1100.3 won, down 2.6 won from the previous day.
Eunji Cha, reporter Hankyung.com [email protected]
Ⓒ Hankyung.com prohibits unauthorized reproduction and redistribution