KOSPI Walking a New Path... Approaching the 2940 Level

Index Driven by Dual Buying from Individuals and Foreigners

[Image source=Yonhap News]

[Asia Economy Reporter Minwoo Lee] In the first stock market session of the new year, the KOSPI reached an unprecedented level of 2940 points.

As of 1:46 PM on the 4th, the KOSPI recorded 2943.30, up 2.43% from the previous trading day. After opening slightly higher at 2874.50, it surpassed 2900 for the first time ever at 10:47 AM. It continued to show strength, reaching an all-time high of 2946.54 in the afternoon.

The buying momentum from individuals and foreigners appeared to drive the index. Individuals net purchased 888.5 billion KRW, and foreigners net purchased 21.4 billion KRW. Institutions sold off 912.1 billion KRW.

Many sectors rose. The transportation equipment sector had the largest gain at 6.54%, followed by non-metallic minerals (5.46%), chemicals (4.29%), and transportation and warehousing (4.07%). Banks (-2.36%) and insurance (-1.01%) declined.

The KOSDAQ also showed strength. At the same time, it was up 0.56% from the previous trading day at 974.385. After opening slightly higher at 968.86, it rose to 974.19 around 1:37 PM. This is the highest level in 20 years since September 15, 2000, when it was 992.50.

The buying momentum of individuals, who net purchased 373.8 billion KRW, was prominent. Foreigners and institutions net sold 136.8 billion KRW and 221.1 billion KRW, respectively.

Most sectors rose. Notable gains were seen in general electric and electronics (3.66%), paper and wood (2.88%), other services (2.71%), and telecommunications services (2.67%). Distribution (-4.36%), pharmaceuticals (-1.66%), and textiles and apparel (-1.02%) declined.

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