KOSPI Rises Nearly 2% Early in Trading, Extends Gains for 3 Consecutive Days

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[Asia Economy Reporter Eunmo Koo] The KOSPI is continuing its upward trend for the third consecutive trading day, showing nearly a 2% increase in the early session driven by net buying from institutional investors. The KOSDAQ index is also sailing smoothly, rising more than 2%.

On the 6th, the KOSPI opened at 1,745.25, up 19.81 points (1.15%) from the previous trading day. The KOSPI, which started the day higher, is gradually expanding its gains in the early session due to net buying by institutional and foreign investors. As of 9:25 a.m., it was trading at 1,759.30, up 33.86 points (1.96%) from the previous day.

On the 3rd, the KOSPI closed at 1,725.44, up 0.03% from the previous day, buoyed by expectations of easing oil price wars. Despite the U.S. unemployment crisis, the U.S. stock market showed strength as international oil prices surged significantly following remarks by President Donald Trump, improving investor sentiment and pushing the index higher. However, intraday weakness in U.S. index futures and the ongoing global spread of COVID-19 limited the index's gains.

Kim Yae-eun, a researcher at IBK Investment & Securities, said, "The stock market is still volatile due to the ongoing impact of COVID-19, and even positive news has a limited effect on the index. Although the index quickly rose to recover the 1,700 level, volatility is expected to continue as uncertainty remains."

Looking at trading trends by participant, institutional investors are leading the index's rise with net purchases of 178 billion KRW. In contrast, individual and foreign investors are net sellers, offloading 169.1 billion KRW and 4.2 billion KRW respectively.

By sector, food and beverages, pharmaceuticals, paper and wood, and chemicals are rising, while medical precision equipment is declining.

Most of the top market capitalization stocks are rising. Celltrion is showing gains in the 5% range, and Samsung Biologics, LG Household & Health Care, NCSoft, Samsung C&T, and SK Hynix are also up.

Currently, in the KOSPI market, 710 stocks are rising, including four that have hit the upper price limit, while 139 stocks are falling with no stocks hitting the lower price limit. Forty-five stocks are unchanged.

The KOSDAQ index is also continuing its upward trend for the third consecutive trading day, rising nearly 2%. It opened at 579.25, up 6.24 points (1.09%) from the previous day, and is showing gains in the early session due to net buying by institutional and foreign investors. As of 9:25 a.m., it was trading at 585.14, up 12.13 points (2.12%) from the previous day.

Looking at the supply and demand situation, foreign and institutional investors are net buyers of 12.2 billion KRW and 11.4 billion KRW respectively, while individual investors are net sellers of 14.7 billion KRW.

By sector, food and tobacco, distribution, pharmaceuticals, and software are rising, while transportation and entertainment/culture sectors are declining.

Most of the top market capitalization stocks in the KOSDAQ market are also rising. Celltrion Healthcare, Komipharm, Genexine, Celltrion Pharm, HLB, and Seegene are recording relatively high gains.

Currently, in the KOSDAQ market, 1,041 stocks are rising, including three that have hit the upper price limit, while 147 stocks are falling with no stocks hitting the lower price limit. Sixty-five stocks are unchanged.

This content was produced with the assistance of AI translation services.