KOSPI and KOSDAQ Close Up Over 1% on Individual Buying Momentum

[Image source=Yonhap News]

[Asia Economy Reporter Park Ji-hwan] The domestic stock market closed with a gain of over 1%. This is interpreted as due to expectations that the global spread of the novel coronavirus infection (COVID-19) will slow down, as the number of new confirmed cases and deaths in the United States, Italy, Spain, and other countries has begun to decline.

On the 9th, the KOSPI closed at 1836.21, up 1.61% from the previous trading day. The index opened at 1838.09, up 1.71% (30.95 points) from the previous day, fluctuated around the 1830 level, but ultimately succeeded in recovering the 1830 level.

By investor type, individuals bought stocks worth 303.1 billion KRW, driving the index up, while foreigners and institutions sold stocks worth 186.2 billion KRW and 134.2 billion KRW, respectively.

By sector, most sectors rose except for the food and beverage sector, which fell 1.18%. Transportation and warehousing (4.33%), machinery (1.59%), transportation equipment (5.73%), and non-metallic minerals (1.89%) all increased.

Among the top market capitalization stocks, most closed higher. Samsung Electronics rose 1.03% from the previous day, SK Hynix (0.59%), Samsung Biologics (0.21%), Naver (0.60%), Celltrion (1.69%), LG Chem (3.67%), and Hyundai Motor (7.89%) also increased.

The KOSDAQ index also closed at 615.9, up 1.41% from the previous trading day. Individuals net bought stocks worth 155.3 billion KRW, while foreigners and institutions sold stocks worth 77.7 billion KRW and 71.1 billion KRW, respectively.

In KOSDAQ, sectors such as construction (0.90%), distribution (1.12%), transportation (1.74%), and finance (2.36%) rose, while the paper and wood sector fell 0.28%.

Among the top market capitalization stocks, only Studio Dragon fell slightly by 0.80%. Others such as Celltrion Healthcare (0.62%), HL Biopharma (1.22%), Pearl Abyss (1.43%), Seegene (0.31%), and KMW (1.99%) rose.

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