Due to Individual Buying... KOSPI Recovers to 3300 in Early Trading

KOSDAQ Starts Higher but Turns Lower...

[Image source=Yonhap News]

[Asia Economy Reporter Gong Byung-sun] The KOSPI index surpassed 3300 again in early trading due to individual buying momentum. The KOSDAQ started higher but turned lower.

On the 6th, the KOSPI opened at 3295.44, up 0.07% (2.23 points) from the previous trading day. It even rose to 3305.94 at 9:01 a.m.

Individual buying led to the index increase. Individuals net bought 17.4 billion KRW. Foreigners and institutions net sold 8.6 billion KRW and 9.4 billion KRW, respectively.

Most sectors rose. The construction sector had the largest gain at 1.67%, followed by transportation and warehousing (0.75%), transportation equipment (0.68%), electrical and electronics (0.66%), and machinery (0.63%). Pharmaceuticals (-2.02%), banking (-0.46%), steel and metals (-0.26%), and textiles and apparel (-0.07%) declined.

Among the top 10 market capitalization stocks, most rose. Samsung SDI led with a 1.80% increase, followed by SK Hynix (0.81%), Kia (0.79%), Samsung Electronics (0.62%), and Hyundai Motor (0.42%). Celltrion (-1.65%), LG Chem (-0.46%), Samsung Biologics (-0.46%), and NAVER (-0.24%) fell. Kakao remained flat.

On the same day, the KOSDAQ opened at 1047.60, up 0.03% (0.27 points) from the previous day, but turned lower after 9:04 a.m.

Foreigners and institutions showed strong selling pressure. Foreigners and institutions net sold 62.3 billion KRW and 10 billion KRW, respectively. Individuals net bought 72.8 billion KRW.

Many sectors showed weakness. Pharmaceuticals had the largest decline at 0.84%, followed by distribution (-0.71%), other services (-0.70%), textiles and apparel (-0.62%), and transportation (-0.39%). Telecommunications services (1.24%), information devices (0.69%), publishing and media replication (0.61%), general electrical and electronics (0.51%), and digital content (0.14%) rose.

Among the top 10 market capitalization stocks, most declined. Celltrion Pharm’s drop was the largest at 2.03%, followed by Celltrion Healthcare (-1.29%), Alteogen (-1.14%), Seegene (-0.85%), CJ ENM (-0.79%), and Kakao Games (-0.53%). Pearl Abyss (2.60%), EcoPro BM (1.67%), HLB (0.30%), and SK Materials (0.11%) rose.

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