KOSPI Surpasses 2950, Aims for 3000... KOSDAQ Challenges 1000 Level

[Image source=Yonhap News]

[Asia Economy Reporter Eunmo Koo] The KOSPI has surpassed the 2,950 mark, bringing the breakthrough of the 3,000 level within sight. The KOSDAQ index has also exceeded 980, challenging the 1,000 level.

On the 5th, the KOSPI opened at 2,943.67, down 0.78 points (0.03%) from the previous trading day. The KOSPI, which started lower, showed mixed trends as individual investors continued buying in the early session while foreigners and institutions engaged in profit-taking. Around 9:50 a.m., it turned upward and slightly extended its gains, surpassing the 2,950 level. As of 10:10 a.m., it was at 2,955.02, up 10.57 points (0.36%) from the previous day.

Looking at the trading trends by participant, individual investors continued their buying spree with net purchases of 546.1 billion KRW, while foreign and institutional investors engaged in profit-taking with net sales of 298.2 billion KRW and 256.5 billion KRW, respectively.

By sector, steel and metal, construction, and machinery are rising, while electricity and gas, medical precision, and services are declining.

Among the top market capitalization stocks, POSCO is showing strong performance with gains of over 5%, and SK Hynix, Hyundai Mobis, Celltrion, and Hyundai Motor are also rising. On the other hand, NAVER, Kakao, Kia Motors, and Samsung C&T are falling.

The KOSDAQ index is also showing slight gains, surpassing 980 and challenging the 1,000 level. The KOSDAQ opened at 976.43, down 1.19 points (0.12%) from the previous day, and has been fluctuating around the 980 level amid selling pressure from institutions and foreigners. As of 10:10 a.m., it was at 978.17, up 0.55 points (0.06%) from the previous day.

Regarding the current supply and demand situation, similar to the KOSPI, individual investors are net buyers with 215 billion KRW, while foreign and institutional investors are net sellers with 122.8 billion KRW and 79.6 billion KRW, respectively.

By sector, telecommunications services, publishing and media reproduction, distribution, and non-metal sectors are rising, while software and telecommunications equipment are declining.

Among the top market capitalization stocks, Studio Dragon, CJ ENM, and Celltrion Healthcare are rising, while Alteogen, Pearl Abyss, Genexine, and SK Materials are falling.

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