KOSPI Slightly Rises... Closes at 2401.91

Individual Solo Buying Momentum... KOSDAQ Closes Slightly Lower

On the afternoon of the 8th, when the KOSPI closed higher, an employee is working in the dealing room at the Hana Bank headquarters in Jung-gu, Seoul. On that day, the KOSPI closed at 2,401.91, up 17.69 points (0.74%) from the previous trading day.
[Image source=Yonhap News]

[Asia Economy Reporter Minwoo Lee] The KOSPI index maintained the 2400 level and closed with little change throughout the day.

According to the Korea Exchange on the 8th, the KOSPI index closed at 2401.91, up 0.74% (17.69 points) from the previous day. This was close to the opening price of 2402.66. After rising to 2407.56 in the early session, it slightly declined and then fluctuated around the 2400 level without significant changes.

By investor type, individual investors net bought 26.5 billion KRW. In contrast, foreigners and institutions net sold 30.5 billion KRW and 12.3 billion KRW, respectively.

The number of declining stocks slightly exceeded that of advancing stocks. The electrical and electronics sector showed the largest gain of 3.0%. This was followed by manufacturing (1.24%), insurance (1.01%), and food and beverages (1.00%). The sector with the largest decline was machinery, down 2.57%. This was followed by textiles and apparel (-1.29%), chemicals (-1.20%), and securities (-1.00%).

Among the top 10 stocks by market capitalization, Celltrion posted the largest gain of 4.2%. Samsung Electronics followed with a 3.8% increase. SK Hynix, Samsung SDI, and LG Household & Health Care each rose by 1.2%. On the other hand, LG Chem (-1.5%), NAVER (-1.1%), Hyundai Motor (-1.1%), Kakao (-0.5%), and Samsung Biologics (-0.2%) declined.

The KOSDAQ also showed little fluctuation. It closed at 878.29, down 0.07% (0.59 points) from the previous day. The daily high was 887.01 and the low was 874.31, indicating a narrow range of movement.

Individual buying pressure helped prevent the index from falling. Individuals net bought 157.8 billion KRW, while foreigners and institutions net sold 89.1 billion KRW and 37.3 billion KRW, respectively.

Declining sectors were also in the majority. The telecommunications equipment sector had the largest drop of 2.97%. This was followed by transportation equipment and parts (-2.89%), metals (-1.91%), and medical and precision instruments (-1.61%). Conversely, publishing and media replication (3.28%), non-metallic minerals (3.16%), and entertainment and culture (2.90%) sectors rose.

Among the top 10 stocks by market capitalization, the number of advancing and declining stocks was equal. SK Materials posted the largest gain of 2.1%. Celltrion Pharm and Seegene each rose by 1.2%. This was followed by Celltrion Healthcare (0.9%) and CJ ENM (0.1%). The largest decliner was KMV, down 5.2%. HL Biotech also fell 4.3%, followed by Alteogen (-2.7%), EcoPro BM (-1.8%), and Genexine (-1.4%).

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