KOSPI, Individual Investors Alone Net Buy Drives Rise Above '3270 Level'

[Image source=Yonhap News]

[Asia Economy Reporter Ji-hwan Park] On the 23rd, the KOSPI continues its upward trend around the '3270 level,' supported by buying momentum from individual investors.

As of 9:15 AM, the KOSPI is at 3,273.46, up 0.29% compared to the previous trading day. The index opened at 3,265.73, up 0.06% from the previous day.

Last night, major indices in the New York stock market rose collectively, with the Dow up 0.20%, Nasdaq 0.79%, and S&P 500 0.51%, which appears to have positively influenced investor sentiment.

By investor type, individuals are leading the index with net purchases of 123.4 billion KRW. Meanwhile, foreigners and institutions are net sellers with 29 billion KRW and 73.2 billion KRW, respectively.

Among the top 10 companies by market capitalization, all stocks rose except LG Chem (-0.48%). Samsung Electronics (0.38%), SK Hynix (0.41%), Kakao (2.52%), NAVER (5.12%), and Samsung Biologics (0.59%) all increased.

At the same time, the KOSDAQ rose 0.70% from the previous day to 1,018.67. After a firm start at 1,015.64, the gains have gradually expanded.

On the KOSDAQ, individuals alone continue to buy with net purchases of 6.1 billion KRW. In contrast, foreigners and institutions are net sellers with 4.9 billion KRW and 0.7 billion KRW, respectively.

Among the top 10 KOSDAQ stocks by market capitalization, most are on the rise. Only Pearl Abyss and SK Materials fell by -0.15% and -1.24%, respectively. Meanwhile, Celltrion Healthcare (2.74%), Celltrion Pharm (4.92%), EcoPro BM (1.53%), CJ ENM (2.80%), and Seegene (4.74%) increased.

Sang-young Seo, a researcher at Mirae Asset Securities, said, "The domestic stock market is expected to be positively influenced by investor sentiment as the U.S. stock market continues its strong performance, supported by Federal Reserve officials' ongoing indications of a moderate monetary policy and remarks aimed at stabilizing financial markets."

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