Rising Foreign Buying Pressure... KOSPI at 3160 Level

Once Surpassed KOSPI 3170 Level
KOSDAQ Also Recorded 1009, Challenging 1010 Level

The KOSDAQ opened at 1001.00, up 0.35 points (0.03%) from the previous trading day, as dealers were working in the Hana Bank dealing room in Jung-gu, Seoul on the 13th. Photo by Jinhyung Kang aymsdream@

[Asia Economy Reporter Gong Byung-sun] The KOSPI is maintaining the 3160 level, supported by foreign buying momentum. It even surpassed the 3170 level at one point.

As of 1:46 PM on the 13th, the KOSPI recorded 3165.09, up 0.94% (28.75 points) from the previous trading day. It rose to 3172.26 at 12:39 PM on the same day.

Foreign buying is prominent. Foreigners and institutions net purchased 375.7 billion KRW and 111.5 billion KRW, respectively. Individuals net sold 477.4 billion KRW.

Most sectors rose. The telecommunications sector had the largest increase at 3.94%, followed by paper and wood (2.43%), chemicals (2.38%), pharmaceuticals (1.70%), and distribution (1.45%). On the other hand, securities (-1.90%), construction (-0.81%), steel and metals (-0.72%), machinery (-0.34%), non-metallic minerals (-0.23%), and finance (-0.21%) declined.

Except for Kakao, which remained flat, all of the top 10 stocks by market capitalization rose. LG Chem had the largest increase at 6.49%, interpreted as a continued strong performance for two consecutive days due to the battery agreement with SK Innovation. This was followed by Samsung SDI (6.11%), Celltrion (1.61%), Hyundai Motor (1.33%), SK Hynix (1.09%), Kia (1.07%), Samsung Electronics (0.84%), Samsung Biologics (0.64%), and NAVER (0.52%).

At the same time, the KOSDAQ recorded 1007.28, up 0.66% (6.63 points) from the previous trading day. It rose to 1009.81 at 12:29 PM, challenging the 1010 level.

Individual buying is strong in the KOSDAQ. Individuals net purchased 114 billion KRW. Meanwhile, foreigners and institutions net sold 53.7 billion KRW and 41.8 billion KRW, respectively.

Most sectors in the KOSDAQ also rose. Pharmaceuticals had the largest increase at 2.34%, followed by transportation (2.08%), information devices (1.98%), paper and wood (1.95%), distribution (1.89%), and medical and precision instruments (1.66%). Conversely, finance (-4.32%), construction (-2.12%), other manufacturing (-1.65%), publishing and media replication (-1.40%), textiles and apparel (-1.02%), and metals (-0.97%) declined.

Most of the top 10 stocks by market capitalization rose. Celltrion Pharm had the largest increase at 4.86%, followed by Celltrion Healthcare (2.69%), Kakao Games (1.82%), Seegene (1.70%), HL Biopharma (1.00%), and EcoPro BM (0.72%). On the other hand, Alteogen (-0.68%), Studio Dragon (-0.67%), and SK Materials (-0.33%) declined. Pearl Abyss remained flat.

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