KOSPI Fluctuates... Strong Performance of Celltrion's Three Brothers

Celltrion Stock Rises Over 4% in Early Trading
KOSDAQ Starts Higher

[Image source=Yonhap News]

[Asia Economy Reporter Gong Byung-sun] The KOSPI is showing mixed trends in the early trading session. Stocks related to Celltrion are showing strength due to news regarding clinical trials of COVID-19 treatments.

On the 14th, the KOSPI opened at 3,249.60, up 0.01% (0.28 points) from the previous trading day. The index turned downward around 9:03 a.m. but then reversed to an upward trend, showing mixed movements.

Foreign and institutional investors are selling heavily. Foreigners and institutions sold a net 81.8 billion KRW and 63.7 billion KRW, respectively. Individual investors bought 142.5 billion KRW.

Many sectors showed weakness. The banking sector had the largest decline at 1.36%. This was followed by telecommunications (-0.87%), securities (-0.81%), finance (-0.80%), and insurance (-0.74%). Meanwhile, paper and wood (4.41%), services (1.69%), non-metallic minerals (0.67%), textiles and apparel (0.39%), and medical precision instruments (0.35%) rose.

The top 10 stocks by market capitalization showed mixed results. Celltrion had the largest gain at 4.14%, boosted by positive results confirming efficacy and safety in the Phase 3 clinical trials of its COVID-19 treatment. This was followed by Kakao (4.06%), NAVER (2.95%), Samsung SDI (0.78%), and Samsung Biologics (0.59%). LG Chem (-2.00%), SK Hynix (-1.56%), Kia (-1.45%), Hyundai Motor (-1.05%), and Samsung Electronics (-0.37%) declined.

The KOSDAQ opened at 992.80, up 0.17% (1.67 points) from the previous day. It rose to as high as 994.68 in the morning session.

Again, selling by foreign and institutional investors led to a decline in the index. Foreigners and institutions sold a net 25.2 billion KRW and 4.6 billion KRW, respectively. Individual investors bought 27.9 billion KRW.

Many sector indices rose. Paper and wood led with a 2.80% increase, followed by distribution (2.25%), internet (1.16%), pharmaceuticals (1.15%), and entertainment and culture (0.83%). Broadcasting services (-1.60%), telecommunications and broadcasting services (-1.22%), publishing and media reproduction (-0.85%), construction (-0.53%), and non-metallic sectors (-0.38%) fell.

Most of the top 10 stocks by market capitalization showed strength. Celltrion Pharm led with an 8.07% gain, followed by Celltrion Healthcare (4.34%), Seegene (3.69%), Alteogen (2.13%), Kakao Games (1.94%), EcoPro BM (0.53%), and Pearl Abyss (0.16%). On the other hand, CJ ENM (-2.74%), SK Materials (-0.16%), and HLB (-0.15%) declined.

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