The stock holdings valuation of South Korea's National Pension Service (NPS) jumped by 200 trillion won in the second quarter, owing to the primary index Korea Composite Stock Price Index's (Kospi) prolonged rally, Pulse News reported Wednesday, citing financial data provider FnGuide.
The value of the NPS' stakes of at least 5% in 270 listed firms increased to 486.01 trillion won as of Monday, July 6, from 296.44 trillion won in March-end, indicating a gain of 63.9%. The increase surpassed the Q1 gain by over 100 trillion won, the report said.
Holdings in Samsung Electronics (KRX:005930) and SK Hynix (KRX:000660) accounted for about 151 trillion won, or nearly 80%, of the total gain, according to the report.
Shares of SK Hynix jumped nearly 6% at market close.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)