SK Square has seen its stock price surge 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's shares were trading at 1.49 million won, up 77,000 won (5.45%) from the previous trading day. The stock reached an intraday high of 1.497 million won, marking a new all-time high.
The rise in SK Square's stock is attributed to institutional funds reallocating from SK Hynix, which has reached its investment limit, to the intermediate holding company SK Square, as the domestic stock market continues its upward trend.
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.
In a report dated May 27, Kim Hoi-jae, a researcher at Daishin Securities, noted, "Since the implementation of the Capital Markets Act regulations in October of last year, which limit single stock holdings in equity funds to 10%, SK Square has remained an attractive alternative investment due to its connection with SK Hynix."
Meanwhile, SK Hynix shares rose by 81,000 won (3.54%) to 2.369 million won. The stock briefly hit 2.4 million won during trading. SK Hynix's all-time high was recorded at 2.407 million won on June 2.
* This article has been translated by AI.
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