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KOSPI Index Rises for Second Consecutive Day Due to Expectations of Interest Rate Cut

[비즈니스포스트] The KOSPI index rose for two consecutive trading days thanks to expectations of an interest rate cut. The KOSDAQ index closed lower.

According to the Korea Exchange on the 15th, the KOSPI index closed at 2563.56, up 19.38 points (0.76%) from the previous day.

▲ On the 15th, the KOSPI index rose following the previous day. The photo shows the dealing room. <연합뉴스>

On this day, the index began trading at 2558.44, 14.26 points (0.56%) higher than the previous day, and continued its intraday upward trend. At one point, it exceeded the 2570 line, but the rise narrowed and the market ended above the 2560 line.

Choi Yu-jun, a researcher at Shinhan Investment & Securities, said, “The domestic stock market continued to rise after confirming the solid economic indicators in the United States following the dovish Federal Open Market Committee (FOMC),” adding, “Large-cap stocks led the KOSPI compared to small- and mid-cap stocks, weighed down by high interest rates in the energy industry. “The rise of stocks related to new and renewable energy, such as solar power, also stood out,” he analyzed.

Looking at each investor, foreign investors net bought KRW 857.2 billion and institutional investors net bought KRW 298.6 billion. Individual investors made net sales worth 1.1371 trillion won.

The stock prices of the top 10 stocks by market capitalization generally rose. The previous day, secondary battery stocks such as POSCO Holdings (4.12%) and LG Chemical (6.25%) closed higher due to the surge in Tesla stock price on the New York Stock Exchange.

In addition, semiconductor stocks such as Samsung Electronics (0.27%) and SK Hynix (2.41%) continued their strong performance. Auto stocks such as Hyundai Motors (4.33%) and Kia (2.41%) also rose. In addition, the stock prices of Samsung BioLogics (0.72%) and Naver (NAVER) (1.35%) rose.

The stock prices of LG Energy Solution (-0.12%) and Samsung Electronics (-1.0%) closed lower.

On this day, the KOSDAQ index closed lower. The KOSDAQ index closed trading at 838.31, down 2.28 points (0.28%) from the previous day.

Researcher Choi said, “The KOSDAQ index closed lower, showing a downward trend in the semiconductor and software industries, excluding some stocks related to pharmaceuticals and secondary batteries.” He added, “It is unclear whether the transfer tax standards for major shareholders will be relaxed within the year, and individual selling pressure is weighing on the index.” “I pressed it,” he analyzed.

In the KOSDAQ market, individual investors led the bearish market with net sales worth 101 billion won. Foreign investors net bought KRW 97.4 billion, and institutional investors net bought KRW 23.1 billion.

Looking at major stocks, the stock prices of HLB (7.66%) and EcoPro (5.57%) soared by more than 5%. Shares of POSCO DX (0.19%) and Rainbow Robotics (2.03%) also rose.

On the other hand, Ecopro BM (-0.62%), Celltrion Healthcare (-5.60%), L&F (-0.32%), HPSP (-5.34%), Alteogen (-2.31%), Celltrion Pharmaceutical (-3.83%), etc. 6 The stock prices of several stocks fell.

The won/dollar exchange rate rose slightly. The won/dollar exchange rate closed at 1296.5 won, 1.1 won higher than the previous day. Reporter Jeong Hee-kyung

2023-12-15 08:16:03
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