KOSPI and KOSDAQ Maintain Upward Trend in the Afternoon
[Asia Economy Reporter Eunmo Koo] The KOSPI and KOSDAQ indices continue to maintain a firm upward trend into the afternoon session.
On the 16th, the KOSPI opened at 2,763.64, up 6.82 points (0.25%) from the previous trading day, and steadily maintained a rise of around 0.5% during the session, hovering around the 2,760 level. As of 1:20 PM, it recorded 2,768.56, up 11.74 points (0.43%) from the previous day.
Looking at the trading trends by market participants, institutional investors are leading the index rise with net purchases of 182.3 billion KRW. On the other hand, individual and foreign investors are net sellers with 104.2 billion KRW and 77.3 billion KRW, respectively.
Among the top market capitalization stocks, LG Household & Health Care, LG Chem, Samsung SDI, Samsung Biologics, and Hyundai Motor are rising, while Celltrion and Hyundai Mobis are declining.
The KOSDAQ index is also continuing its upward momentum into the afternoon following gains in the morning. The KOSDAQ, which started the day higher, is experiencing its sixth consecutive day of gains supported by simultaneous buying from individual and foreign investors. As of 1:20 PM, it stands at 938.91, up 7.64 points (0.82%) from the previous day.
By trading participants, individuals and foreign investors are net buyers with 39.5 billion KRW and 19.2 billion KRW, respectively, while institutional investors are net sellers with 22.0 billion KRW.
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Among the top market cap stocks, Genexine, Pearl Abyss, SK Materials, and EcoPro BM are rising, while Seegene, Celltrion Healthcare, and Celltrion Pharm are declining.
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