KOSPI Ends Session with Late Rally... Approaching 1900 Level

[Image source=Yonhap News]

[Asia Economy Reporter Ji-hwan Park] On the afternoon of the 22nd, the KOSPI reduced its losses toward the end of the trading session and eventually closed higher.

On this day, the stock market started lower due to deteriorating investor sentiment caused by the collapse of the crude oil market, but rebounded in the afternoon following news of a 40 trillion won fiscal policy from the government.

On the 22nd, the KOSPI closed at 1896.15, up 0.89% (16.77 points) from the previous day. The KOSPI opened at 1855.51, down 23.87 points (1.27%) from the previous trading day, gradually narrowing its losses before successfully turning positive.

On this day, President Moon Jae-in presided over an emergency economic meeting and finalized plans to establish a 40 trillion won fund to stabilize key industries.

In the securities market, individual investors net bought 317 billion won. In contrast, foreigners and institutions net sold 38.3 billion won and 307.1 billion won, respectively.

By sector, food and beverages (1.72%), chemicals (0.43%), pharmaceuticals (0.45%), and electrical and electronics (1.40%) rose, while steel and metals (-1.20%), machinery (-0.56%), and transportation equipment (-0.76%) declined.

Among the top 10 market capitalization stocks, all rose except Hyundai Motor (-0.96%). Samsung Electronics (1.22%), SK Hynix (3.20%), Samsung Biologics (0.17%), Naver (1.96%), Celltrion (0.94%), LG Chem (0.28%), LG Household & Health Care (2.93%), Samsung SDI (0.88%), and Samsung C&T (3.30%) all increased.

In the securities market, a total of 435 stocks rose, including three hitting the upper price limit. 404 stocks fell, and 61 stocks remained unchanged.

Meanwhile, the KOSDAQ closed at 635.16, up 1.02% (6.39 points) from the previous day. It started the session at 618.95, down 9.82 points (1.56%) from the previous day, but gradually narrowed losses and turned positive.

The KOSDAQ market also saw prominent buying by individual investors. Individuals net bought 68.1 billion won, while foreigners and institutions net sold 24.8 billion won and 19.9 billion won, respectively.

By sector, transportation (0.74%), distribution (2.75%), pharmaceuticals (1.22%), and finance (0.21%) rose, while metals (-0.20%) declined.

Among the top 10 market capitalization stocks, most rose except Hugel (-0.29%). Celltrion Healthcare (4.07%), Pearl Abyss (1.83%), Celltrion Pharm (0.41%), KMW (0.63%), CJ ENM (4.17%), Seegene (4.17%), and Studio Dragon (0.76%) increased. SK Materials and HLB remained unchanged.

In the KOSDAQ market, a total of 691 stocks rose, including four hitting the upper price limit. A total of 520 stocks fell, including two hitting the lower price limit, and 112 stocks remained unchanged.

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