KOSPI Hits Record High Again... KOSDAQ Also Surpasses 950 Level

[Asia Economy Reporter Minji Lee] The KOSPI recorded an all-time high closing price once again. The KOSDAQ index also ended the session by setting a new all-time high for the first time in 20 years.

On the 21st, the KOSPI closed at 2778.65, up 0.23% (6.47 points) from the previous trading day. Having closed at 2772.18 on the 18th, the KOSPI recorded consecutive all-time highs with its rise on this day.

[Image source=Yonhap News]

On this day, the KOSPI continued its early session weakness but showed an upward trend in the afternoon. Although foreigners and institutions maintained net selling, causing the index to decline, the index closed higher as institutional buying increased toward the end of the session and the scale of foreign net selling decreased. On this day, individuals were net sellers of 88.4 billion KRW in the KOSPI market, and foreigners also sold stocks worth 7.8 billion KRW. Institutions alone purchased stocks worth 132.4 billion KRW.

Looking at the top market capitalization stocks, LG Chem (0.12%), Samsung Biologics (2.62%), Celltrion (3.09%), and Kakao (3.41%) rose. Samsung Electronics (0%) and SK Hynix (-2.11%), which led the index rise last month, either maintained the same price as the previous day or declined.

The KOSDAQ index also closed at 953.58, up 0.67% (6.34 points) from the previous trading day. The KOSDAQ index set a new all-time high closing price for the first time in about 20 years since September 15, 2000, when it was 992.50.

On this day, the KOSDAQ index showed a slight decline early in the session but increased its gains as foreign buying turned the tide. In the KOSDAQ market, foreigners and individuals bought stocks worth 80.8 billion KRW and 31.2 billion KRW, respectively, while institutions alone sold stocks worth 27.3 billion KRW.

Among the top market capitalization stocks, Celltrion Healthcare and Celltrion Pharm rose 8.59% and 0.62%, respectively. HL Biotech also rose 0.33%. EcoPro BM (1.29%) and CJ ENM (0.81%) also increased.

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