The KOSPI repeatedly fluctuated at the 2,600 level amid institutional

Our stock market closes today…

It started off lower today due to the dividend yield… It started with a decrease due to the impact of the U.S. stock market, the KOSPI was moving sideways around the flat zone all day long, but it ended at the end of the day, and the KOSDAQ was moving sideways all day long after a strong rise from the beginning of the market…

In particular, in the afternoon, foreigners were converting to buy in advance and expanding the number of purchases, supporting the index by receiving supplies after the institution’s dividend…

Semiconductor sectors were strong ~ strong, bio strong, and secondary batteries showed a strong trend, showing a relative strength centered on the KOSDAQ… However, compared to the index, the volume of transactions and the transaction volume were small, and the concentration was strong, and the market compared to the index was not quite good in terms of contents…

In addition, hemp and shipbuilding stocks were strong, and the curtain plate superconductor themes showed a strong trend at the moment, but the upper tail was stretched long…

It was a day that ended well despite being a dividend day, and it was not satisfactory in terms of contents. [Market in the market] Restrictions on further increases under the burden of overheating [FICC Research Department Strategy/Market in the market: Lee Kyung-min / Kim Jung-yoon]

• The KOSPI repeatedly fluctuated at the 2,600 level amid institutional net selling, focusing on financial investment. It fell to 2,590p in the morning, but tried to turn upward in the afternoon thanks to foreigners’ net purchases of Samsung Electronics. However, in the current index, the additional rise is limited due to the burden of overheating
• Asian stocks overall strong, especially Hong Kong’s Hang Seng index up 1.71%. Japan’s Nikkei up 1.2%
• The won/dollar exchange rate fluctuates in the mid- 1,290 won range. Since the release of the minutes of the BOK’s December meeting, the won/dollar exchange rate has also introduced slightly upward pressure due to the impact of the weak yen, but its influence is somewhat limited
• By industry, steel and metals (+1.39%) are strong, led by POSCO Holdings (+3.27%). Following that, electric and electronics (+0.89%) are also strong. Samsung Electronics (+1.44%) continues to rise high in semiconductors, while SK Hynix fell -1%, showing mixed feelings. For pharmaceuticals (+0.75%), All Biopharma surged 16.6% as expectations for batoclimab efficacy continued. On the other hand, insurance (-3.08%) and securities (-2.35%) weakened in the aftermath of the dividend lock. However, the impact of seasonal dividend lock on major companies’ change of dividend base date is limited
• KOSDAQ rises 1.1% on inflow of net foreign purchases, relatively strong against KOSPI. By industry, semiconductors (+1.6%), constraints (+1.61%) and secondary battery value chains are generally strong

[Dashin Securities Investment Strategy/Market Telegram Channel]

You all worked hard today…