KOSPI Continues into the 3300 Era... 'Cheonseudak' Remains Strong

Closing Without Major Changes... KOSDAQ Ends Slightly Higher

On the afternoon of the 28th, employees are working in the dealing room at the Hana Bank headquarters in Jung-gu, Seoul.
[Image source=Yonhap News]

[Asia Economy Reporter Minwoo Lee] The KOSPI, which recorded an all-time high, closed above the 3300 mark without experiencing significant corrections. The KOSDAQ also continued its 'Thousand-Sdak' streak.

On the 28th, the KOSPI closed at 3301.89, down 0.59% (0.95 points) from the previous trading day. After starting slightly higher at 3305.46, it briefly dropped to 3291.30 in the morning but rebounded to maintain the 3300 level.

Individual investors were the sole net buyers, purchasing stocks worth 382.8 billion KRW. Foreigners and institutions were net sellers, offloading 73.4 billion KRW and 302.2 billion KRW worth of stocks, respectively.

In the KOSPI market, the ratio of rising to falling sectors was similar. The textile and apparel sector posted the largest gain of 2.38%. This was followed by paper and wood (1.56%), securities (1.24%), construction (1.23%), insurance (1.05%), and medical precision instruments (1.03%). Meanwhile, machinery (-1.96%), transportation equipment (-0.64%), and chemicals (-0.28%) declined.

Among the top 10 market capitalization stocks, more fell than rose. SK Hynix (-1.95%), Kia (-1.32%), Samsung SDI (-1.31%), LG Chem (-0.95%), Hyundai Motor (-0.82%), Samsung Biologics (-0.71%), and NAVER (-0.49%) were down. Samsung Electronics (0.37%), Kakao (0.32%), and Celltrion (0.19%) saw gains.

The KOSDAQ closed at 1017.91, up 0.57% from the previous trading day. After starting slightly higher at 1013.47, it increased its gains slightly by the close.

In the KOSDAQ market, foreigners and individuals were net buyers, purchasing stocks worth 80.2 billion KRW and 12.2 billion KRW, respectively. Institutions sold stocks worth 71.2 billion KRW.

Most sectors rose. Textile and apparel (1.58%), information devices (1.52%), pharmaceuticals (1.45%), and internet (1.39%) led the gains. Broadcasting services (-1.39%), telecommunications and broadcasting services (-0.86%), and general electric and electronics (-0.86%) declined.

Among the top 10 market capitalization stocks, most fell. CJ ENM had the largest drop at -3.31%, followed by EcoPro BM (-3.30%), Kakao Games (-1.25%), Alteogen (-1.20%), Pearl Abyss (-0.32%), Seegene (-0.12%), and Celltrion Pharm (-0.06%). SK Materials (4.86%) and Celltrion Healthcare (0.35%) rose.

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