KOSPI and KOSDAQ Close at Record Highs Again... Targeting 3000 and 1000 Levels

[Image source=Yonhap News]

[Asia Economy Reporter Eunmo Koo] The KOSPI continued its upward momentum for the second consecutive day in the new year, reaching an all-time high and maintaining expectations for breaking the 3000-point mark, driven by net buying from individual investors. The KOSDAQ index also closed higher, preparing to challenge the 1000-point level.

On the 5th, the KOSPI closed at 2990.57, up 46.12 points (1.57%) from the previous day. Although the KOSPI started the day lower, it fluctuated around the flat line throughout the day before turning upward around 2 p.m. It then quickly increased its gains toward the end of the session, rising more than 1% and continuing its recent positive trend.

Looking at trading trends by participant, individual investors led the rally with net purchases of 725.5 billion KRW, continuing from the previous day. In contrast, institutions and foreign investors sold net amounts of 538.6 billion KRW and 209.1 billion KRW, respectively.

By sector, steel and metals (5.80%), construction (4.07%), non-metallic minerals (3.40%), and food and beverages (3.14%) rose, while medical precision (-0.43%) and paper and wood (-0.17%) declined.

Among the top market capitalization stocks, POSCO (4.40%), SK Hynix (3.57%), Samsung SDI (2.24%), Celltrion (2.01%), Hyundai Mobis (1.39%), and Samsung Electronics (1.08%) increased. Conversely, Kakao (-0.76%), Kia Motors (-0.47%), and NAVER (-0.17%) fell.

On the day, 554 stocks rose in the KOSPI market, including two that hit the upper price limit, while 293 stocks declined with no stocks hitting the lower price limit. Sixty stocks remained unchanged.

The KOSDAQ index also continued its challenge of the 1000-point level. Like the KOSPI, the KOSDAQ started lower but fluctuated around the flat line throughout the day before turning upward around 2 p.m. It expanded its gains in the late session and closed at 2990.57, up by a point (0.% from the previous trading day.

Trading trends by participant showed that individual investors led the rise with net purchases of 471.6 billion KRW, similar to the KOSPI. Institutions and foreign investors sold net amounts of 287.4 billion KRW and 133.3 billion KRW, respectively.

By sector, transportation equipment and parts (5.87%), construction (4.75%), transportation (3.15%), and broadcasting services (2.78%) rose, while textiles and apparel (-0.91%), paper and wood (-0.74%), and telecommunications equipment (-0.65%) declined.

Among the top market capitalization stocks, HL Biopharma surged more than 10% with a 13.29% increase, followed by Studio Dragon (6.24%), CJ ENM (4.09%), Kakao Games (1.30%), and Celltrion Healthcare (0.66%). Meanwhile, SK Materials (-2.42%), Genexine (-2.35%), Alteogen (-2.32%), and EcoPro BM (-0.75%) declined.

In the KOSDAQ market, 704 stocks rose, including five that hit the upper price limit, while 603 stocks declined with no stocks hitting the lower price limit. Ninety stocks remained unchanged.

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