KOSDAQ Rebounds 0.43% on Strength in Materials, Parts, and Equipment Sector

The KOSDAQ index closed up 0.43% at 7763.95 on the 11th. After plummeting over 4% in early trading due to renewed US-Iran tensions, the index turned positive around 10 AM before widening its decline to -3%. It then fluctuated between gains and losses from 1 PM onwards, ultimately finishing in slight positive territory.

On this day, individual investors were net buyers of 2.087 trillion won. Foreigners and institutions, on the other hand, were net sellers of 1.4647 trillion won and 757.5 billion won, respectively.

Among the top 10 market cap stocks, performance was mixed. Samsung Electronics (-1.16%), Hyundai Motor (-0.83%), LG Energy Solution (-0.26%), and Samsung Life Insurance (-0.82%) declined. In contrast, SK Hynix (2.59%), SK Square (3.8%), Samsung Electronics (preferred shares) (1.04%), HD Hyundai Heavy Industries (0.78%), and Samsung C&T (0.61%) rose. Samsung Electro-Mechanics remained flat at 0%.

The KOSDAQ index closed up 4.76% at 996.93. While individual investors and foreigners net sold 352.3 billion won and 360.1 billion won respectively, institutional investors net bought 695.8 billion won, driving the index higher. Stocks in the materials, parts, and equipment (MP&E) sector surged collectively on news that June semiconductor exports increased by over 200% year-on-year. Jusung Engineering (23.37%), WONS (20.82%), EO Technics (15.07%), and LEENO INDUSTRIAL (7.31%) were among the gainers. Robotics stock Rainbow Robotics also rose 1.17%. In the secondary battery sector, Ecopro (2.74%) gained while Ecopro BM (-0.12%) fell, showing mixed performance. In the pharmaceutical and biotech sector, Alteogen (10.16%) and Kolon TissueGene (3.21%) rose, while HLB (-2.27%) declined.