On May 11, the KOSPI index surged close to the 8000 mark, buoyed by strong buying from both retail and institutional investors. The index rose more than 4%, surpassing the 7800 level.
According to the Korea Exchange, the KOSPI closed at 7822.24, up 324.24 points (4.32%) from the previous trading day. It opened at 7775.31, gaining 277.31 points (3.70%) as retail buying momentum increased.
Lee Kyung-min, a researcher at Daishin Securities, noted, "The KOSPI continues its upward trend, driven by a concentration in large-cap semiconductor stocks, marking five consecutive days of gains. On this day, 159 stocks rose, 6 remained unchanged, and 734 declined, indicating that a few large-cap stocks led the index's increase."
In the securities market, retail and institutional investors made net purchases of 3.1711 trillion won and 753.1 billion won, respectively, driving the index higher. Foreign investors, however, sold a net 3.9432 trillion won.
Among the top market capitalization stocks, Samsung Electronics (up 6.33%), SK Hynix (up 11.51%), SK Square (up 8.11%), Hyundai Motor (up 5.38%), Samsung C&T (up 6.98%), and HD Hyundai Heavy Industries (up 4.10%) all saw gains, while LG Energy Solution (down 1.78%) and Doosan Enerbility (down 1.23%) declined.
On this day, SK Hynix traded at 1.45 million won, setting a new all-time high. Samsung Electronics, which had reached 230,000 won on the 30th, experienced a drop due to profit-taking but rebounded to 232,500 won within a day.
The KOSDAQ index closed at 1213.74, up 21.39 points (1.79%). It started at 1212.28, an increase of 19.93 points (1.67%) from the previous day. In the KOSDAQ market, retail and foreign investors made net purchases of 147 billion won and 55.4 billion won, respectively, while institutions sold a net 172 billion won.
Among the top KOSDAQ stocks, EcoPro BM (down 6.53%), EcoPro (down 5.55%), Alteogen (down 4.55%), HLB (down 2.92%), and ABL Bio (down 1.84%) closed lower, while Rainbow Robotics (up 10.33%), Kolon TissueGene (up 3.99%), Samchundang Pharm (up 1.36%), and Lino Industry (up 2.84%) finished higher.
* This article has been translated by AI.
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