The KOSPI index closed higher, recovering above the 9100 mark, driven by buying from individual and institutional investors. SK Hynix expanded its gains, overtaking Samsung Electronics to become the top company by market capitalization on the KOSPI.
On June 22, the Korea Exchange reported that the KOSPI finished at 9114.55, up 62.13 points (0.69%) from the previous trading day. The index started at 8954.43, down 97.99 points (-1.08%), but quickly recovered losses, reaching as high as 9200 during the session. Although it gave back some gains, it maintained a strong close.
In the securities market, individuals and institutions made net purchases of 20.217 trillion won and 3.307 trillion won, respectively, driving the index higher. In contrast, foreign investors sold a net 25.454 trillion won.
Among the top market capitalization stocks, performance was mixed. SK Hynix (up 6.15%), SK Square (up 11.69%), and Samsung C&T (up 6.21%) showed strength, while Samsung Electro-Mechanics (down 1.45%), Hyundai Motor (down 4.89%), LG Energy Solution (down 4.20%), Samsung Life Insurance (down 9.15%), and HD Hyundai Heavy Industries (down 4.20%) declined.
Notably, SK Hynix's market capitalization reached 2080 trillion won, surpassing Samsung Electronics, which had a market cap of 2066 trillion won (excluding preferred shares). The gap between the two companies' market capitalizations is 13.7188 trillion won. This marks the first time SK Hynix has outpaced Samsung Electronics in market capitalization.
Samsung Electronics first became the top company by market capitalization in the domestic stock market on July 29, 1999, and has maintained its position since November 21, 2000, with only temporary fluctuations.
The KOSDAQ also closed higher after a volatile session. The KOSDAQ index rose 1.81 points (0.19%) to finish at 968.40. It started at 957.49, down 9.10 points (-0.94%), but managed to turn around after fluctuating throughout the day.
In the KOSDAQ market, individuals sold a net 463.2 billion won, while foreign and institutional investors made net purchases of 306.9 billion won and 150.2 billion won, respectively.
Top KOSDAQ stocks also showed mixed results. Alteogen (down 0.85%), EcoPro BM (down 1.59%), EcoPro (down 1.29%), Rainbow Robotics (down 2.88%), Kolon TissueGene (down 0.49%), and Rino Technology (down 0.22%) declined. Conversely, JUSUNG Engineering (up 2.49%), Wonik IPS (up 10.58%), HLB (up 5.61%), and EO Technics (up 3.91%) saw gains.
* This article has been translated by AI.
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