KOSPI Starts Higher... Briefly Recovers to 3300 Level

Continued Buying by Individuals and Foreigners
KOSDAQ Also Starts Higher

[Image source=Yonhap News]

[Asia Economy Reporter Gong Byung-sun] The KOSPI opened higher, supported by individual buying momentum. It even recovered the 3300 level in the early session.

On the 30th, the KOSPI started trading at 3288.63, up 0.06% (1.95 points) from the previous trading day. It recorded 3300.38 at 9:07 a.m. that day.

Buying by individuals and foreigners was strong. On this day, individuals and foreigners net bought 3.7 billion KRW and 61.7 billion KRW, respectively. Institutions net sold 54.1 billion KRW.

Many sectors showed gains. The transportation and warehousing sector had the largest increase at 1.28%. This was followed by electrical and electronics (0.76%), chemicals (0.76%), manufacturing (0.52%), and food and beverage (0.39%). The telecommunications (-0.37%), steel and metals (-0.34%), construction (-0.22%), securities (-0.18%), and distribution (-0.14%) sectors declined.

Almost all of the top 10 market capitalization stocks rose. SK Hynix had the largest gain at 2.40%. This was followed by LG Chem (2.15%), Samsung SDI (0.87%), Samsung Biologics (0.35%), Kakao (0.32%), Samsung Electronics (0.25%), and Celltrion (0.19%). Hyundai Motor (-0.21%) and NAVER (-0.12%) fell. Kia remained unchanged.

On the same day, the KOSDAQ opened at 1023.74, up 0.12% (1.22 points) from the previous trading day. It rose to 1027.20 at 9:23 a.m.

Individual buying was relatively strong. Individuals net bought 36.1 billion KRW. Foreigners and institutions net sold 27.9 billion KRW and 6.6 billion KRW, respectively.

Most sectors rose. The telecommunications equipment sector had the largest increase at 1.56%. This was followed by internet (1.22%), general electrical and electronics (1.01%), pharmaceuticals (0.95%), information devices (0.93%), and IT hardware (0.67%). The textile and apparel (-0.44%), digital content (-0.30%), entertainment and culture (-0.26%), metals (-0.10%), and non-metallic sectors (-0.09%) declined.

Almost all of the top 10 market capitalization stocks showed strength. Seegene had the largest gain at 1.84%. This was followed by Pearl Abyss (1.61%), EcoPro BM (1.48%), Alteogen (1.22%), SK Materials (0.65%), CJ ENM (0.56%), and HLB (0.30%). Kakao Games (-2.35%), Celltrion Pharm (-0.13%), and Celltrion Healthcare (-0.09%) fell.

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