[KRX deadline | October 19] KOSPI rises for 2 consecutive trading days... Secondary battery stocks soar

KOSPI recovers due to influx of low-price buyers... Institutional net purchases of 575.8 billion won KOSDAQ recovers to 800 level... Battery stocks are strong on expectations of increased ESS demand and US departure from China

On the 19th, the domestic stock market KOSPI and KOSDAQ rose together. Both markets rebounded for two consecutive trading days due to the influx of low-price buying following the recent sharp decline. KOSPI exceeded the 5,700 mark and KOSDAQ also recovered to the 800 mark.

According to the Korea Exchange, KOSPI ended trading at 5,768.01, up 99.96 points (1.76%) from the previous trading day. KOSDAQ closed at 808.89, up 14.11 points (1.78%). The won-dollar exchange rate ended the week at 1,330.3 won, down 1.1 won from the previous trading day.

KOSPI started lower due to weakening AI investment sentiment and the weak overseas stock market last weekend. Afterwards, with the influx of low-price buying due to excessive declines, the pharmaceutical, bio, and chemical industries showed strength and turned upward.

By industry, pharmaceuticals rose 5.8%, metals rose 5.0%, entertainment and culture rose 4.2%, and chemicals rose 3.6%. Large-cap stocks rose 1.8%, mid-cap stocks rose 2.1%, and small-cap stocks rose 1.4%.

In terms of supply and demand, institutions net bought 575.8 billion won, while Foreign Investors and individuals net sold 36.4 billion won and 1.0871 trillion won, respectively. Foreign Investors net sold 48.1 billion won in transportation equipment and parts, 42 billion won in food, beverages and cigarettes, and 27.4 billion won in finance.

KOSDAQ closed higher, with secondary battery-related stocks showing strength amid an influx of buying power from institutions and individuals. By industry, finance rose 7.1%, metals rose 4.0%, and paper and wood rose 3.1%. Institutions and individuals net bought 67 billion won and 64 billion won, respectively, while Foreign Investors net sold 143.8 billion won.

Secondary battery and ESS stocks are strong... Sudden rise in orders

Secondary battery-related stocks rose along with the US battery supply chain's move away from China and expectations of growth in the energy storage system (ESS) market. Samsung SDI (006400) rose 11.70%, LG Energy Solution (373220) rose 7.20%, and SK Innovation (096770) rose 7.24%.

POSCO Future M (003670), a cathode material-related stock, rose 10.90% and Ecopro BM (247540) rose 8.33%. POSCO Holdings (005490) rose 6.07% on expectations of benefits from strengthened regulations on Chinese supply chains, and EcoPro (086520) rose 11.19% on expectations of growth in the ESS market.

Sama Aluminum (006110) rose 13.87% on expectations of increased demand for ESS from AI data centers. Aekyung Chemical (161000) rose 14.53% as plans to expand anode material production capacity were reemphasized.

Huneed (005870) rose 17.07% on the news that it had signed a contract to supply aircraft wire harnesses worth 103.1 billion won with General Atomics Aeronautical of the United States.

KBI Dongyang Steel Pipe (008970) rose 29.96% and hit the upper limit on the news that it would supply about 950 tons of steel pipes for the U.S. SpaceX rocket launch facility. SM Bexel (010580) also rose 29.90% on expectations of securing battery technology for low-orbit satellites.

Myungshin Industrial (009900) rose 15.03% on expectations of Tesla's next-generation Roadster demonstration. Almec (354320) rose 20.85% on expectations of increased demand for parts due to Rivian's strong electric vehicle sales, and Sangsin EDP (091580) rose 12.18% as it emerged as a Rivian-related stock.

DRTech (214680) rose 13.53% on the news that its next-generation digital X-ray system 'New EXSYS DEXi' received 510(k) certification from the U.S. Food and Drug Administration (FDA).

Cammsys (050110) rose 12.63% on the news that its consolidated operating profit in the third quarter was KRW 7.4 billion, turning into a surplus compared to the same period last year.

Sec (081180) rose 4.02%, highlighting the news of the first order for mass production X-ray inspection equipment from a global semiconductor back-end process company announced on the 16th.

Some stocks plummet due to delisting and public announcement risks

A&P (015260) plunged 29.91% amid concerns about delisting due to failure to meet stock price requirements.

Newvotech (060260) fell 9.89% in the aftermath of the announcement of designation as an insincere disclosure corporation following the withdrawal of new facility investment disclosure. RF Tech (061040) fell 9.02% due to uncertainty due to subsidiary Hanju Hitech's application to initiate rehabilitation procedures and creditors' bankruptcy application.

Samsung Electro-Mechanics (009150) fell 1.52% due to weakened investment sentiment following a sharp drop in U.S. semiconductor-related stocks.