The KOSPI index turned positive during trading on June 22, buoyed by buying from retail and institutional investors. SK Hynix expanded its gains, overtaking Samsung Electronics to become the top company by market capitalization on the KOSPI.
According to the Korea Exchange, as of 1:18 PM, the KOSPI was up 35.79 points (0.40%) at 9,088.21. The index opened at 8,954.43, down 97.99 points (-1.08%), but quickly recovered, reaching as high as 9,200 before giving back some of its gains.
In the securities market, retail and institutional investors made net purchases of 13.687 trillion won and 4.757 trillion won, respectively, driving the index higher. In contrast, foreign investors sold a net 19.122 trillion won.
Among the top market capitalization stocks, there was a mixed performance. SK Hynix rose by 5.61%, Samsung Electronics by 0.28%, SK Square by 8.65%, and Samsung C&T by 6.82%. However, Samsung Electro-Mechanics fell by 1.06%, Hyundai Motor by 4.40%, Samsung Life by 7.24%, LG Energy Solution by 3.58%, and HD Hyundai Heavy Industries by 3.75%.
Notably, SK Hynix reached the top position in market capitalization during trading, marking a new milestone for the domestic stock market. As of 1:10 PM, SK Hynix's market capitalization was recorded at 2,078.352 trillion won, surpassing Samsung Electronics' market capitalization (excluding preferred shares) of 2,075.389 trillion won by 29.627 billion won. This shift means Samsung Electronics has relinquished its position as the KOSPI's top company for the first time in approximately 25 years and 7 months.
Samsung Electronics first reached the top of the domestic stock market by market capitalization on July 29, 1999, and, aside from temporary fluctuations, has maintained its lead since November 21, 2000.
The KOSDAQ index, however, showed relatively weak performance. At the same time, the KOSDAQ index was up 16.22 points (1.68%) at 950.37. The index opened at 957.49, down 9.10 points (-0.94%), managed to turn positive early on, but then returned to a downward trend.
In the KOSDAQ market, individuals sold a net 2.938 trillion won, while foreign and institutional investors made net purchases of 1.954 trillion won and 953 billion won, respectively.
The top market capitalization stocks generally showed weakness. Alteogen fell by 3.82%, EcoProBM by 3.31%, EcoPro by 2.67%, Rainbow Robotics by 3.90%, JUSUNG Engineering by 2.18%, Kolon TissueGene by 1.96%, Rino Technology by 3.02%, and HLB by 0.83%. In contrast, Wonik IPS rose by 7.53% and IOTech by 0.50%.
* This article has been translated by AI.
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