'Rising Close' Throughout August... KOSPI Maintains 2430 Level, KOSDAQ Also Up 1%

Continuous 'Closing Higher' for 9 Trading Days from the 3rd to the 13th
Strong Uptrend Despite Reduced Intraday Gains

[Asia Economy Reporter Oh Ju-yeon] The domestic stock market closed higher on the 13th as well. Although there were fluctuations that temporarily gave back some of the intraday gains, the upward trend was not shaken. The KOSPI has not closed lower than the previous trading day even once in nine consecutive trading days from the 3rd to this day. This is because the index has been steadily rising amid a rotating market where sectors and individual stocks alternately increase.

On the 11th, when the KOSPI index surpassed the 2,400 mark for the first time in 2 years and 2 months, dealers were working in the Hana Bank dealing room in Euljiro, Seoul. Photo by Mun Ho-nam munonam@

On this day, the KOSPI closed up 0.21% at 2437.53 compared to the previous trading day. Although the market maintained a strong gain of over 1% until the morning session, it once fell by -0.82%, giving back some of the gains, but thanks to buying by individuals and institutions, the index turned positive (+) again.

Among the top market capitalization stocks, Samsung Electronics (-0.51%), SK Hynix (-0.37%), and Samsung Biologics (-2.73%) declined. Additionally, LG Chem (-0.54%) and Hyundai Motor (-1.16%), which had recently risen sharply, also closed lower due to profit-taking selling.

On the other hand, Celltrion and Kakao rose by 2.15% and 1.84%, respectively.

By investor type, individuals and institutions led the index rise with net purchases of 157.2 billion KRW and 185.6 billion KRW, respectively, while foreigners sold 357.2 billion KRW worth of stocks.

The KOSDAQ index closed up 1.08% at 854.77 compared to the previous trading day.

Among the top market capitalization stocks, Celltrion Healthcare (4.14%), HL Biopharma (29.99%), and Celltrion Pharm (2.62%) rose, while Seegene fell by 4.90%.

In the KOSDAQ market, individuals sold 169.1 billion KRW worth of stocks, while foreigners and institutions net purchased 186.3 billion KRW and 13.6 billion KRW, respectively.

Lee Kyung-min, a researcher at Daishin Securities, analyzed, "The domestic stock market was positively influenced by the expectation of an additional US economic stimulus package still being valid and the inflow of economic recovery expectations, which positively affected investor sentiment."

Lee said, "The mid- to long-term upward trend is expected to strengthen further, but in the short term, one should prepare for increased volatility." He added, "Unless there is a full-scale earnings improvement or upward revision of earnings forecasts, short-term valuation burdens will inevitably increase," and "the possibility of increased volatility due to this is rising."

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