KOSPI Continues Uptrend in Afternoon... KOSDAQ Breaks Previous High Again

NAVER and Kakao Strong... Samsung Electronics and Hynix Weak

[Image source=Yonhap News]

[Asia Economy Reporter Minji Lee] The KOSPI is maintaining an upward trend due to net buying by institutional investors. The KOSDAQ index continues its rise, breaking the year's highest level.

As of 1:29 PM on the 23rd, the KOSPI stood at 3,253.11, up 0.09% (2.90 points) from the previous trading day. The KOSPI opened at 3,253.44, up 0.10% (3.23 points) from the previous day. Looking at investor trends, institutions purchased stocks worth 178.2 billion KRW. Foreigners and individuals sold stocks worth 146.4 billion KRW and 13.5 billion KRW, respectively.

Among the top market capitalization stocks, NAVER (2.84%), Kakao (1.69%), Samsung Biologics (1.02%), Samsung SDI (0.54%), and Celltrion (0.56%) rose. However, Samsung Electronics (-0.25%), SK Hynix (-1.26%), and Hyundai Motor (-1.75%) declined.

At the same time, the KOSDAQ index stood at 1,056.01, up 0.55% (5.76 points) from the previous trading day. The KOSDAQ opened at 1,053.01, up 0.26% (2.76 points) from the previous day, continuing its upward trend. The KOSDAQ reached an intraday yearly high, trading around 1,059.18 at approximately 11:07 AM. This is higher than the previous high of 1,055.82 recorded on July 15.

Regarding investor trends, foreigners and individuals purchased stocks worth 27.4 billion KRW and 25.5 billion KRW, respectively, while institutions alone sold stocks worth 31.9 billion KRW. Among the top market capitalization stocks, Celltrion Healthcare (0.60%), Kakao Games (1.00%), EcoPro BM (1.20%), Celltrion Pharm (0.34%), CJ ENM (0.64%), and HLB (1.03%) also rose.

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