KOSPI Maintains 1980 Level Early in Session... KOSDAQ Recovers to 700 Level for First Time in a Year

Started Falling to 1972 but Showed Early Morning Uptrend

[Image source=Yonhap News]

[Asia Economy Reporter Minwoo Lee] The KOSPI index, which started in the 1970s range with a slight decline compared to the previous day, showed an upward trend in the early session and recovered the 1980 level. The KOSDAQ index also recovered the 700 level for the first time since June last year, indicating a bullish market.

On the 20th, the KOSPI opened at 1972.12, down 0.43% (8.49 points) from the previous trading day. This contrasts with the previous day’s close in the 1980s range for the first time in over two months. However, an upward trend has appeared from the early session due to net buying by institutions. As of 9:29 AM, it recovered the 1980 level, rising 0.04% (0.89 points) from the previous day to 1981.50.

In the securities market, institutions are driving the index up with net purchases of 65.7 billion KRW. On the other hand, individuals and foreigners are net sellers, with 64.5 billion KRW and 200 million KRW respectively.

Most sectors are on the rise. The food and beverage sector showed the largest increase of 1.83%. This was followed by services (1.01%), telecommunications (0.81%), and steel & metals (0.55%). Conversely, transportation equipment (-1.44%), warehousing & transportation (-1.02%), and electrical & electronics (-0.50%) declined.

Among the top 10 market capitalization stocks, NAVER showed the largest increase of 1.4%. This was followed by Kakao (1.3%), Celltrion (1.1%), and LG Household & Health Care (1.0%). Meanwhile, Hyundai Motor (-2.0%), Samsung Electronics (-0.6%), and LG Chem (-0.5%) declined.

The KOSDAQ index is also on the rise. It opened at 697.15, up 0.11% from the previous day, and continued its upward trend. As of 9:29 AM, it recorded 702.66, up 0.90% (6.30 points) from the previous day. This marks the recovery of the 700 level for the first time in about a year since June 28 last year.

In the KOSDAQ market, individuals and institutions were net buyers of 8.6 billion KRW and 6.3 billion KRW respectively. Foreigners were net sellers of 12.2 billion KRW.

Most sectors are also rising. The semiconductor sector showed the largest increase of 1.72%. This was followed by internet (1.43%), textiles & apparel (1.37%), distribution (1.19%), and telecommunications equipment (1.18%). However, entertainment & culture (-0.88%), broadcasting services (-0.66%), and transportation equipment & parts (-0.51%) declined.

Among the top 10 market capitalization stocks, most are generally rising. Celltrion Pharm and Seegene both rose 2.2%, showing the largest gains. This was followed by EcoPro BM (1.4%), KMH (1.3%), and Celltrion Healthcare (1.2%). Meanwhile, Alteogen (-3.0%), HLB (-0.9%), and CJ ENM (-0.7%) declined.

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