SEOUL: The KOSPI 200 index, representing the performance of 200 major companies on the Korea Stock Exchange, closed with mixed results on Friday. While the general trend showed a decline for many stocks, certain sectors, particularly financial and energy, recorded significant gains.
According to Yonhap News Agency, KB Financial Group led the gains with an increase of 7,800 KRW, closing at 101,000 KRW. Other notable gains included KorZinc, which rose by 115,000 KRW to close at 1,253,000 KRW, and Hanmi Science, which saw a rise of 1,550 KRW to 40,700 KRW. The energy sector also witnessed gains, with LG Energy Solution increasing by 500 KRW to reach 407,000 KRW.
Despite these gains, several companies experienced declines. HyundaiMtr saw a significant drop of 3,000 KRW, closing at 225,500 KRW. SeAH Steel Holdings and SamsungE and A also recorded declines, with drops of 4,600 KRW and 1,400 KRW, respectively. The consumer goods sector faced challenges as well, with LOTTE SHOPPING and AmoreG falling by 900 KRW and
900 KRW, respectively.
The mixed performance reflects broader market trends, as investors weigh various economic factors influencing the South Korean market. The financial sector’s gains indicate a strong performance amid these challenges, while other sectors continue to navigate volatility.