SK Square has surged to a record high during trading hours, driven by strong demand for its subsidiary SK Hynix amid a robust semiconductor sector.
As of 2:40 PM on June 16, SK Square was trading at 1,490,000 won, up 77,000 won (5.45%) from the previous day. The stock reached an intraday high of 1,497,000 won, marking a new all-time high.
The rise in SK Square's stock price is attributed to institutional funds reallocating to the holding company after reaching the investment limit for SK Hynix.
At this time, institutions have net purchased 210.3 billion won worth of SK Square shares, while foreign investors have net sold 22.3 billion won.
According to Kim Hoi-jae, a researcher at Daishin Securities, in a report dated May 27, "The 10% limit on single stock holdings for equity funds, which has been in effect since October of last year, continues to enhance the investment appeal of SK Square as it applies to SK Hynix."
Meanwhile, SK Hynix shares rose by 81,000 won (3.54%) to 2,369,000 won. The stock briefly hit 2,400,000 won during trading. The highest price for SK Hynix was recorded at 2,407,000 won on June 2.
* This article has been translated by AI.
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