KOSPI Starts Higher on Individual Buying Momentum

Rises to 3189 Early in the Session
KOSDAQ Also Starts Higher

[Image source=Yonhap News]

[Asia Economy Reporter Gong Byung-sun] Individual buying momentum is driving the rise of the KOSPI.

According to the Korea Exchange on the 7th, the KOSPI opened at 3,179.63, up 0.03% (0.89 points) from the previous trading day. It even rose to 3,189.88 at 9:48 a.m. that day.

Individual buying was particularly strong. On that day, individuals net bought 192.4 billion KRW, institutions net bought 3 billion KRW, while foreigners net sold 191 billion KRW.

Most sectors rose. The pharmaceutical sector had the largest increase at 2.73%. This was followed by construction (2.26%), electric and gas utilities (2.07%), food and beverage (1.59%), and paper and wood (1.30%). Meanwhile, steel and metals (-1.07%), electrical and electronics (-0.71%), chemicals (-0.11%), and banks (-0.02%) declined.

Many of the top 10 market capitalization stocks showed weakness. SK Hynix had the largest drop at -1.55%, followed by POSCO (-1.39%), Samsung Electronics (-0.85%), Samsung SDI (-0.78%), LG Chem (-0.64%), and Hyundai Motor (-0.45%). Samsung Biologics (4.73%), Celltrion (3.76%), Kakao (0.87%), and NAVER (0.28%) rose.

On the same day, the KOSDAQ opened at 970.96, up 0.10% (0.97 points) from the previous trading day. It rose to 977.88 as of 9:50 a.m.

Again, individual buying momentum led to the index rise. Individuals net bought 30.3 billion KRW, institutions net bought 1.6 billion KRW, while foreigners net sold 27.8 billion KRW.

Almost all sectors showed strength. Construction had the largest increase at 3.46%, followed by distribution (2.41%), other services (1.28%), pharmaceuticals (1.27%), and metals (1.27%). Broadcasting services (-1.19%), telecommunications and broadcasting services (-0.85%), and internet (-0.31%) declined.

Most of the top 10 market capitalization stocks rose. Celltrion had the largest increase at 4.07%, followed by Pearl Abyss (3.07%), Celltrion Pharm (2.59%), Alteogen (1.69%), Kakao Games (1.14%), HLB (0.76%), SK Materials (0.52%), and EcoPro BM (0.22%). Studio Dragon (-2.71%) and CJ ENM (-2.39%) showed weakness.

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