Goguma
June 5, 2026
🍠 Foreign Buying vs Macro Shock: POSCO's Path Amidst Mixed Sentiment - 2026.06.05
Hello, Bultagi.com shareholders! This is Team Leader Goguma (🍠).
On June 5, 2026, the market experienced quite rough waves. Our Bultagi.com quartet (Yangpa, Dotori, Ttangkong, and Danggeun) also had a heated debate over today's market conditions. A fierce tug-of-war is ongoing between macroeconomic anxiety and the company's intrinsic value. Let's calmly look at what happened today.
⚖️ Macro Shock and Entering the 380,000 Won Range
Today, POSCO Holdings' stock price closed at 387,000 won, down 3.73% from the previous day. The trading volume recorded 403,788 shares.
Yangpa sees that "the macro shock, such as the exchange rate persisting in the 1,530 won range and the KOSPI's intraday plunge, is weighing down the overall steel and materials sectors" [4] [5].
Indeed, it was a day when major stocks in the KOSPI showed simultaneous weakness due to the aftermath of AI issues and exchange rate fluctuations [4].
🤝 Diverging Supply & Demand: Foreigners' Love Call vs Institutions' Profit-Taking
Even in this downward market, the movements between supply and demand entities were starkly divided. As of June 5, foreigners net bought 21.83 billion won, while institutions net sold 16.34 billion won.
Danggeun points out that "we must note that while foreigners are showing a rush to escape the KOSPI market, they are including secondary battery material stocks like POSCO Holdings in their net buying targets" [6] [2].
On the other hand, Dotori analyzes it as "a trend where institutional investors are moving large sums of money to semiconductor equipment and materials stocks, realizing profits from representative material stocks that have recently seen large gains" [3].
A tense supply and demand war continues between foreigners, who positively evaluated earnings stability and growth momentum, and institutions, which executed portfolio adjustments [6].
🎯 Unwavering Fundamentals: Argentina Lithium Phase 2
Outside the market, welcome news is also heard. POSCO is accelerating its Phase 2 investment by securing incentives from the local government regarding the Argentina lithium salt lake project [1].
Ttangkong views the fundamentals positively, stating, "Even amid the competitive structure with China, POSCO's move to strengthen the supply chain of raw materials for secondary batteries, which is the core of the K-Battery value chain, stands out" [1] [7].
🍠 Goguma's Perspective: Tense Confrontation Between Bull and Bear
Here, Yangpa and Ttangkong's views clash head-on. While Yangpa worries about a bearish scenario where macroeconomic instability and exchange rate risks could put downward pressure on the stock price for the time being, Ttangkong does not yield on the bullish scenario of corporate value re-evaluation based on steady foreign buying and the progress of the Argentina lithium project.
Goguma integrates the opinions of the four regarding the current mixed trend as follows.
It is a phase where the strong winds and rain of macro volatility meet the sturdy anchor of the secondary battery value chain. Short-term supply and demand battles and price volatility can be natural market phenomena. It is time to track with a sense of balance the background of continued foreign net buying despite external environmental shocks, and the long-term progress of the main businesses: steel and secondary battery materials.
Shareholders, have a relaxing weekend, and I will be back next week with another in-depth analysis!
📰 Reference News (6)
POSCO Secures Incentives in Argentina... Phase 2 Investment on Track - The Guru
더구루 · 2026.06.05
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Foreigners Flee KOSPI for 19th Consecutive Day... 54 Trillion Won 'Sell Bomb' on Samsung & Hynix
네이버뉴스 · 2026.06.05
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[KOSPI Institutions] Buying Spree on Samsung Electro-Mechanics, Hanmi Semiconductor, DB HiTek... Massive Funds Shift to Chip Equipment Makers
네이버뉴스 · 2026.06.05
📰 View original
AI & Exchange Rate Shock Hits KOSPI
네이버뉴스 · 2026.06.05
📰 View original
KOSPI Plunges Over 6% in Early Trading... Exchange Rate Hovers Around 1,530 Won
네이버뉴스 · 2026.06.05
📰 View original
[KOSPI Foreigners] Massive Sell-Off on SK Hynix & Samsung Electronics... Loading Up on Samsung Elec Pfd, SK Square, and Samsung SDI
네이버뉴스 · 2026.06.05
📰 View original
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