KOSPI Rises Over 1% Early on Strong Individual Net Buying... KOSDAQ Up for 7 Consecutive Days

[Image source=Yonhap News]

[Asia Economy Reporter Koo Eun-mo] The KOSPI is rising more than 1% in early trading, reaching the 2270 level, supported by net buying from individual investors. The KOSDAQ index has also risen for seven consecutive trading days, climbing to the 830 level.

On the 4th, the KOSPI opened at 2272.33, up 21.29 points (0.95%) from the previous trading day. The KOSPI, which started higher, continued its upward trend in early trading and as of 9:25 a.m., it was at 2276.31, up 25.27 points (1.12%) from the previous day.

Overnight, major indices on the New York Stock Exchange rose, buoyed by strong manufacturing data and continued strength in tech stocks such as Apple. On the 3rd (local time) at the NYSE, the Dow Jones Industrial Average closed at 26,664.40, up 236.08 points (0.89%) from the previous session. The Standard & Poor's (S&P) 500 index rose 23.49 points (0.72%) to 3,294.61, and the tech-heavy Nasdaq closed at 10,902.80, up 157.52 points (1.47%).

Seo Sang-young, a researcher at Kiwoom Securities, said, "The U.S. stock market continued its upward trend, supported by improved economic indicators and positive factors for major tech stocks," adding, "This is expected to have a positive impact on the Korean stock market." He noted, "Although the rises in Microsoft and Apple were already reflected during the Korean market hours, the improvement in U.S. manufacturing data following China could positively affect Korean exports in the future, which may improve investor sentiment."

Looking at the current trading trends by participant, individual investors are leading the index rise with net buying of 65 billion KRW. In contrast, institutional and foreign investors are net sellers, with 62.7 billion KRW and 1.3 billion KRW sold respectively.

By sector, construction, transportation equipment, and securities are rising, while food and beverages, and paper and wood sectors are declining.

Most of the top market capitalization stocks are rising. Hyundai Motor, Hyundai Mobis, LG Chem, Samsung Electronics, and Samsung C&T are showing relatively large gains. On the other hand, NCSoft is declining.

Currently, in the KOSPI market, 613 stocks are rising without any hitting the upper limit, 212 stocks are falling without any hitting the lower limit, and 73 stocks are unchanged.

The KOSDAQ index is also continuing its seven-day consecutive rise. It opened at 833.28, up 5.71 points (0.69%) from the previous day, and maintained its upward momentum with net buying from individual investors in early trading, recovering the 830 level. As of 9:25 a.m., it stands at 831.99, up 4.42 points (0.53%) from the previous day.

Regarding current supply and demand, similar to the KOSPI market, individual investors are net buyers with 65.9 billion KRW, while foreign and institutional investors are net sellers with 53.7 billion KRW and 9 billion KRW respectively.

By sector, IT, entertainment and culture, and telecommunications broadcasting services are rising, while non-metallic, other manufacturing, and textiles and apparel sectors are declining.

Among the top market capitalization stocks, SK Materials, Pearl Abyss, Alteogen, Hugel, and Genexine are rising. Conversely, Seegene, EcoPro BM, and Lino Industrial are falling.

Currently, in the KOSDAQ market, including one stock hitting the upper limit, 704 stocks are rising, none are hitting the lower limit, 498 stocks are falling, and 114 stocks are unchanged.

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