KOSPI Approaches '3200' Mark...Strong Institutional Buying Pressure

Celltrion Up 4.95%
KOSDAQ Also Strong... Up 0.87%

[Image source=Yonhap News]

[Asia Economy Reporter Gong Byung-sun] Institutional buying is driving the KOSPI up to the 3200 level.

According to the Korea Exchange, as of 1:23 PM on the 7th, the KOSPI index recorded 3198.75, up 0.63% (20.01 points) from the previous trading day. The index even rose to 3203.74 at 12:23 PM that day.

The momentum behind the KOSPI rise was institutional buying. On that day, institutions and individuals purchased 244.7 billion KRW and 11.3 billion KRW respectively. Foreigners net sold 252.2 billion KRW.

Most sectors showed strength. The pharmaceutical sector had the largest increase at 3.02%. This was followed by construction (2.37%), food and beverage (1.87%), electricity and gas (1.80%), and paper and wood (1.60%). Meanwhile, chemicals (-0.12%), electrical and electronics (-0.06%), and medical precision (-0.05%) showed weakness.

Among the top 10 market capitalization stocks, many showed gains. Celltrion had the largest increase at 4.95%. This was followed by Samsung Biologics (3.70%), SK Hynix (0.78%), Kakao (0.43%), Samsung SDI (0.31%), and POSCO (0.25%). LG Chem (-0.53%) and Samsung Electronics (-0.36%) declined. NAVER and Hyundai Motor remained flat.

At the same time, the KOSDAQ index recorded 978.99, up 0.87% (8.40 points) from the previous trading day. It rose to 981.04 around 11:01 AM that day.

The KOSDAQ's rise was led by individual investors. Individuals net bought 69.3 billion KRW. Foreigners and institutions net sold 50.4 billion KRW and 3.4 billion KRW respectively.

Again, most sectors showed strength. Construction had the largest increase at 3.44%, followed by distribution (2.88%), computer services (2.08%), other services (1.91%), and pharmaceuticals (1.41%). Broadcasting services (-1.35%), IT components (-1.01%), telecommunications and broadcasting services (-0.89%), internet (-0.34%), and IT hardware (-0.08%) declined.

Among the top 10 market capitalization stocks in KOSDAQ, Celltrion Healthcare had the largest increase at 4.16%. This was followed by Celltrion Pharm (2.67%), Alteogen (2.35%), Pearl Abyss (2.17%), HL Biopharma (0.92%), SK Materials (0.55%), and Kakao Games (0.38%). CJ ENM (-3.36%), Studio Dragon (-3.20%), and EcoPro BM (-0.66%) showed weakness.

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