KOSPI Starts at 1800 Driven by Individual Buying...Rises for 4 Consecutive Trading Days

Recovered to the 1800s for the First Time Since the 16th of Last Month

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[Asia Economy Reporter Minwoo Lee] The KOSPI showed an early session gain of over 2%, supported by buying momentum from individual investors.

On the 7th, the KOSPI opened 1.94% higher than the previous day, rising 34.84 points to 1826.72. From the start, the index expanded its gains due to net buying by individuals and foreign investors. Around 9:13 AM, it reached 1838.80, up 2.62% from the previous day. By 9:29 AM, the gain slightly narrowed to 1818.83. This marks the first time since the 16th of last month that the KOSPI has recovered to the 1800 level.

In the securities market, individuals led the index rise with net purchases of 157.5 billion KRW. Foreigners also net bought 4.9 billion KRW, while institutions net sold 158.8 billion KRW.

Most sectors showed gains. Banks (3.64%), transportation equipment (3.33%), securities (2.98%), and medical precision (2.97%) led the increases. However, pharmaceuticals declined by 0.60%.

The top 10 market capitalization stocks also rose. SK Hynix had the largest gain at 3.73%, followed by LG Chem (2.87%), Hyundai Motor (2.70%), Samsung SDI (2.50%), and Samsung Electronics (2.26%). Meanwhile, NAVER (1.16%) and LG Household & Health Care (0.65%) fell. Celltrion remained unchanged from the previous day.

At the same time in the KOSPI market, a total of 729 stocks were rising, including 4 stocks hitting the upper price limit. There were no stocks hitting the lower price limit, with 133 stocks declining and 40 stocks unchanged.

The KOSDAQ also showed an upward trend. It opened at 606.21, up 1.51% (9.00 points) from the previous day. By 9:29 AM, the gain narrowed to 601.22.

In the KOSDAQ market, individual buying was strong as well. Individuals and institutions net bought 104.4 billion KRW and 0.8 billion KRW respectively, while foreigners net sold 101.9 billion KRW.

Most sectors showed gains. The semiconductor sector led with a 3.28% increase, followed by broadcasting services (2.36%) and chemicals (2.21%). Conversely, pharmaceuticals (1.29%), textiles & apparel (1.25%), internet (0.73%), and entertainment & culture (0.01%) declined.

The top 10 market capitalization stocks showed mixed performance. CJ ENM (3.23%), HL Biopharma (1.09%), and KMW (0.86%) rose, while Studio Dragon (6.41%), Seegene (5.56%), Komipharm (4.88%), and Celltrion Pharm (2.75%) fell.

At the same time in the KOSDAQ market, a total of 967 stocks were rising, including 2 stocks hitting the upper price limit. There were no stocks hitting the lower price limit, with 289 stocks declining and 57 stocks unchanged.

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