KOSPI and KOSDAQ Maintain 1% Range Gains in the Afternoon
[Asia Economy Reporter Eunmo Koo] The KOSPI and KOSDAQ indices have maintained gains of over 1% into the afternoon session.
The KOSPI opened higher at 2,276.61, up 9.46 points (0.42%) from the previous trading day on the 2nd, and around 10 a.m. raised its gains to nearly 1%, fluctuating around the 2,290 level. As of 1:25 p.m., it is trading at 2,294.19, up 27.01 points (1.19%) from the previous day.
Looking at the current supply and demand situation, individual and foreign investors are net buyers of 3.7 billion KRW and 8.9 billion KRW respectively, while institutional investors are net sellers of 24.6 billion KRW.
Among the top market capitalization stocks, POSCO, Hyundai Motor, Celltrion, Kia Motors, and Samsung C&T are rising, while NAVER, Samsung SDI, and SK Hynix are declining.
The KOSDAQ index also rose more than 1%, reclaiming the 800 level. Like the KOSPI, the KOSDAQ started the day higher, showed mixed trends early in the session, but gradually increased its gains to return to the 800 level within a day. As of 1:25 p.m., it stands at 802.38, up 9.73 points (1.23%) from the previous day.
By trading participants, foreign investors are leading the index rise with net purchases of 93.1 billion KRW, while individual and institutional investors are net sellers of 77.1 billion KRW and 3.7 billion KRW respectively.
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Most of the top market cap stocks are rising. Celltrion Healthcare, Seegene, HLB, Alteogen, and Celltrion Pharm show relatively large gains.
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