Calm KOSPI... Sideways Movement Around 2400 Level

No Significant Change in KOSDAQ at Market Opening

[Image source=Yonhap News]

[Asia Economy Reporter Minwoo Lee] The domestic stock market is maintaining a level similar to the early opening on the 8th.

According to the Korea Exchange at 1:29 PM, the KOSPI recorded 2399.34, up 0.63% from the previous day. This is a level not much different from the opening at 2402.66. It rose to 2407.56 in the early session, then fell and is fluctuating around the 2400 level.

There is a battle between foreign selling and buying by individuals and institutions. Foreigners sold a net 68.9 billion KRW, while individuals and institutions bought a net 33.0 billion KRW and 18.5 billion KRW, respectively.

By sector, electric and electronics (2.46%), food and beverages (1.40%), and insurance (1.37%) rose, while machinery (-1.33%), pharmaceuticals (-1.21%), and textiles and apparel (-1.13%) fell.

Among the top 10 market capitalization stocks, the 'leader' Samsung Electronics had the largest increase of 3.0%. This was followed by Samsung SDI (1.1%) and SK Hynix (0.8%). Celltrion (-2.3%) and LG Chem (-0.9%) declined.

The KOSDAQ index is also sideways. At the same time, it showed 883.88, up 0.57% from the previous day. This is about a 0.1% decline from the opening price of 884.72. It rose to 887.01 around 11 AM and then slightly fell.

Individual buying is supporting the index. Individuals bought a net 147 billion KRW, while foreigners and institutions sold a net 88.9 billion KRW and 28.8 billion KRW, respectively.

The telecommunications services sector had the largest increase of 2.86%. This was followed by entertainment and culture (2.62%), publishing and media reproduction (2.38%), and internet (2.09%). Meanwhile, transportation equipment and parts (1.15%), distribution (-1.05%), and metals (-0.94%) declined.

Among the top 10 market capitalization stocks, Seegene had the largest increase of 7.1%. This was followed by SK Materials (2.4%) and Alteogen (1.0%). On the other hand, Celltrion Pharm (-4.3%), KMW (-2.1%), HLB (-2.0%), and Celltrion Healthcare (-1.9%) fell.

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