Large-cap Kospi stocks on rebound after foreign capital returned in July
이 글자크기로 변경됩니다.
(예시) 가장 빠른 뉴스가 있고 다양한 정보, 쌍방향 소통이 숨쉬는 다음뉴스를 만나보세요. 다음뉴스는 국내외 주요이슈와 실시간 속보, 문화생활 및 다양한 분야의 뉴스를 입체적으로 전달하고 있습니다.
According to the Korea Exchange on Sunday, the index of large-cap stocks on the Kospi gained 7.22 percent last Friday from July 6 when the Kospi touched this year’s lowest of 2,292.01, outperforming the monthly rises of 5.41 percent in the index of mid-cap stock and 6.8 percent of smaller stocks.
Throughout the first half, large-cap stocks plunged 21.17 percent, greater than the losses of 16.61 percent in mid-caps and 14.08 percent in small caps.
The rebound owed to the return of foreign capital that had kept up selling spree most of the first half.
Offshore investors purchased more than 2.7 trillion won ($2.07 billion) worth Kospi shares in July, marking their first monthly net purchases of Korean stocks above 1 trillion won.
Foreign investors went after the top names - in Samsung Electronics worth 928.1 billion won, in LG Energy Solution worth 507.4 billion won, in SK hynix worth 292.4 billion won and in Hyundai Motor worth 186.6 billion won.
Foreigners unloaded IT and internet stocks over the same period. Their net sale of Naver shares reached 69.5 billion won worth, and Kakao 27.5 billion won worth.
“Foreign capital has turned to bargain-hunting after the U.S. dollar hit 1,320 won and the Kospi fell to near 2,300,” said Jung Yong-taek, a senior analyst at IBK Securities. “Large-cap stocks benefited as the late investment was led by passive funds,” he added.
Stocks with upbeat second-quarter earnings rode on the investment wave in June.
Hanwha Solutions saw the largest 33.13 percent increase in its stock price after delivering an operating profit of 277.7 billion won in the April-June period, higher than market consensus of 161.1 billion won.
POSCO Chemical gained 24.06 percent after reporting an operating profit of 55.2 billion won, sharply above the market consensus of 32 billion won.
[ⓒ Maeil Business Newspaper & mk.co.kr, All rights reserved]
Copyright © 매일경제 & mk.co.kr. 무단 전재, 재배포 및 AI학습 이용 금지
- Kospi members keep up quarterly or half-year dividend tradition despite uncertainties - Pulse by Maeil Business News Korea
- Large-cap Kospi stocks on rebound after foreign capital returned in July - Pulse by Maeil Business News Korea
- Firms expand investment in battery industry for EVs - Pulse by Maeil Business News Korea
- Hyundai Oilbank has no plan to resume with IPO for now despite record earnings streak - Pulse by Maeil Business News Korea
- S. Korea adds near $5 bn to H1 $10 bn deficit in trade account in July - Pulse by Maeil Business News Korea
- 강경준, 상간남 피소…사랑꾼 이미지 타격 [MK픽] - 스타투데이
- 펩트론, cGMP 인증 위해 생산총괄 임원 영입 - 매일경제
- “케이티 둘째 임신”…송중기, 두 아이 아빠 된다[공식입장] - MK스포츠
- 이찬원, 이태원 참사에 "노래 못해요" 했다가 봉변 당했다 - 스타투데이
- 양희은·양희경 자매, 오늘(4일) 모친상 - 스타투데이