Mirae Asset Securities Leads Brokerage Stock Rally
Amidst a mix of ceasefire hopes and military tensions, news of the Trump administration's ceasefire proposal led the domestic stock market's rise. The Trump administration's proposal injected expectations for a resolution of Middle East risks, but news of actual troop deployment approval emerged as an uncertainty. The market analyzed the situation as a volatile trading period, focusing on the gap between conciliatory statements and actual actions.
On the 25th, the domestic stock market closed higher, oscillating between ceasefire hopes and military tensions. The KOSPI index finished at 5642.21, up 88.29 points (1.59%) from the previous trading day, while the KOSDAQ index closed at 1159.55, up 38.11 points (3.40%).
Securities stocks, including Mirae Asset Securities, showed strong performance and led the market. The securities industry as a whole grew as household financial assets shifted due to the Lee Jae-myung government's policies to curb real estate speculation and the launch of various Exchange Traded Funds (ETFs). Mirae Asset Securities spearheaded the rise in securities stocks with a 10.15% increase, followed by Kiwoom Securities (8.00%), Hanwha Investment & Securities (5.62%), Korea Investment Holdings (4.50%), and NH Investment & Securities (4.10%), all recording gains.
By sector, the securities industry saw a 6.9% increase, followed by medical/precision instruments at 5.4%, pharmaceuticals at 4.98%, and construction at 3.6%. On the KOSPI market, institutions were net buyers of 2.3214 trillion won, while foreign investors and retail investors were net sellers of 1.2866 trillion won and 1.3394 trillion won, respectively.
Among top market capitalization stocks, SK Hynix, Hyundai Motor, LG Energy Solution, SK Square, Samsung Biologics, Hanwha Aerospace, and Doosan Enerbility rose, while Samsung Electronics and Samsung Electronics (preferred shares) fell. Kia closed flat.
On the KOSDAQ market, GoBio Lab recorded a 29.98% increase, and WooriNet saw a 30.00% rise.