KOSPI and KOSDAQ Slightly Rise on Individual Buying Pressure

Strong Start on US Employment Data
Samsung Electronics Declines, SK Biopharm Hits Upper Limit for Second Consecutive Day

[Asia Economy Reporter Minji Lee] The KOSPI and KOSDAQ indices started higher due to buying momentum from individual investors.

At 9:07 a.m. on the 3rd, the KOSPI was at 2145.05, up 0.45% (9.68 points) from the previous session. The index opened at 2147.89, up 0.59% (12.51 points) from the previous close.

[Image source=Yonhap News]

In the securities market, individuals alone bought stocks worth 58.1 billion KRW. Foreigners and institutions sold stocks worth 27.8 billion KRW and 35 billion KRW, respectively.

By sector, Electric and Gas Utilities (1.56%), Services (1.55%), Non-metallic Minerals (1.35%), and Medical Precision (1.30%) rose. Among the top market capitalization stocks, SK Hynix (0.24%), LG Chem (2.82%), Samsung SDI (2.69%), and Kakao (0.35%) increased. On the other hand, Samsung Electronics (-0.38%), Samsung Biologics (-1.15%), Naver (-0.54%), and Celltrion (-0.32%) declined. SK Biopharm, which was listed the previous day, also surged 29.92% (limit up) at the start of trading to 165,000 KRW.

Sangyoung Seo, a researcher at Kiwoom Securities, said, “The U.S. stock market is expected to start higher due to increased expectations of economic recovery following improvements in the employment report. However, there are many factors limiting the rise, such as the spread of COVID-19 cases in the U.S. and the expansion of U.S.-China conflicts following the U.S. Congress passing sanctions related to the Hong Kong security law, making it inevitable for selling pressure to emerge.”

At the same time, the index was at 743.63, up 0.15% (1.08 points) from the previous session. The KOSDAQ index opened at 746.13, up 0.48% (3.58 points). In the market, individuals alone bought stocks worth 74.8 billion KRW, while foreigners and institutions sold stocks worth 32.9 billion KRW and 36.3 billion KRW, respectively.

By sector, Broadcasting Services (2.41%), Telecommunications and Broadcasting Services (1.98%), and Paper & Wood (1.36%) showed the highest gains. Among the top market capitalization stocks, Seegene (2.29%), EcoPro BM (2.69%), Studio Dragon (1.78%), and CJ ENM (2.25%) rose.

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