KOSPI Starts Higher on Net Buying by Individuals and Institutions

[Asia Economy Reporter Minji Lee] The KOSPI is showing an upward trend due to buying pressure from individuals and institutions.

At 9:11 AM, the KOSPI stood at 3,270.31, up 0.17% (5.50 points) from the previous trading day. The index opened higher at 3,269.33, up 0.14% (4.52 points) from the previous day. Looking at investor trends, individuals and institutions bought stocks worth 33.3 billion KRW and 15.8 billion KRW respectively, while foreigners sold stocks worth 50.7 billion KRW alone.

Among the top market capitalization stocks, Samsung Electronics rose 0.5% to 79,900 KRW compared to the previous day. Meanwhile, NAVER (-0.23%), Kakao (-1.23%), LG Chem (-0.59%), and Samsung SDI (-0.54%) declined. Other stocks such as Samsung Biologics (0.81%), Hyundai Motor (0.43%), and Celltrion (0.96%) increased.

Sangyoung Seo, a researcher at Mirae Asset Securities, said, “The expectation that the Federal Reserve will maintain a moderate monetary policy will positively influence investor sentiment,” adding, “As the dollar weakens further and confidence in the U.S. economy grows, it could stimulate favorable foreign demand.”

At the same time, the KOSDAQ index stood at 1,049.21, up 0.4% (4.23 points) from the previous trading day. The index opened at 1,046.57, up 0.15% (1.59 points) from the previous day. Looking at investor trends, individuals alone bought stocks worth 83.2 billion KRW, while foreigners and institutions sold stocks worth 51.5 billion KRW and 29.8 billion KRW respectively.

Most of the top market capitalization stocks are showing gains. The leading stock, Celltrion Healthcare, rose 0.63% to 111,200 KRW compared to the previous day. Other stocks such as Celltrion Pharm (0.58%), EcoPro BM (6.38%), Pearl Abyss (0.26%), CJ ENM (0.57%), HLB (1.70%), and Alteogen (1.02%) also increased.

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