KOSPI Closes Up 1.2%... Settles in the 1990s Amid Buying by Individuals and Institutions

KOSDAQ Rises 1.6%... Approaching the 720 Level

[Image source=Yonhap News]

[Asia Economy Reporter Minwoo Lee] After falling below the 2000 mark and dropping to the 1960s, the KOSPI has turned upward again, closing the session in the 1990s. The KOSDAQ continues its upward trend, approaching the 720 level.

According to the Korea Exchange on the 25th, the KOSPI closed at 1994.60, up 1.24% (24.47 points) from the previous session. It opened higher at 1980.51, briefly dipped to 1967 in the morning, but soon recovered its upward momentum. This contrasts with the previous trading day when it started in the 2000s but fell to the low 1960s.

In the securities market, foreign investors were net sellers, while individuals and institutions supported the market. Foreigners sold a net 142.1 billion KRW, whereas individuals and institutions bought net 95.5 billion KRW and 35.5 billion KRW, respectively.

Almost all sectors showed gains. The service sector had the largest increase at 3.86%, followed by transportation equipment (1.83%), securities (1.62%), and non-metallic minerals (1.46%). Only the reinsurance and steel & metals sectors declined by 0.29% and 0.20%, respectively.

Except for Celltrion, which fell 0.4%, the top 10 stocks by market capitalization rose. Kakao’s rise of 8.5% stood out prominently. Kakao reached a new high of 270,000 KRW that day. Following were NAVER (4.5%), Samsung SDI (3.5%), LG Chem (3.3%), Samsung Biologics (2.2%), and Samsung Electronics (0.2%).

On the same day, the KOSDAQ closed at 719.89, up 1.60% (11.31 points) from the previous session. This is the highest level this year, nearing the 720 mark. The last time the KOSDAQ index surpassed 720 was June 25 of last year.

In the KOSDAQ market, foreign investors were strong buyers, purchasing a net 98.5 billion KRW, while individuals and institutions sold net 86.7 billion KRW and 6.5 billion KRW, respectively.

Most sectors also showed gains. The internet (5.41%) and software (5.22%) sectors rose more than 5%. They were followed by general electrical and electronics (4.37%) and telecommunications services (3.27%). Conversely, the other manufacturing sector fell 3.60%, and transportation and information devices declined by 0.43% and 0.15%, respectively.

Most of the top 10 stocks by market capitalization rose. Ecopro BM had the largest increase at 13.5%, followed by Seegene (4.2%), Alteogen (3.1%), and HLB (2.1%). Only KMW fell by 0.5%.

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