KOSPI Maintains Uptrend Amid Early Session Net Buying by Institutions

[Image source=Yonhap News]

[Asia Economy Reporter Minji Lee] The KOSPI is showing an upward trend in the early session due to net buying by institutions.

At 9:21 a.m. on the 2nd, the KOSPI stood at 3,212.81, up 0.33% (10.44 points) from the previous trading day. The KOSPI opened the session at 3,218.42, up 0.50% (16.10 points) from the previous day. Looking at investor trends, foreigners and individuals sold stocks worth 106 billion KRW and 137 billion KRW respectively, while institutions alone purchased stocks worth 244.3 billion KRW.

At the same time, among the top market capitalization stocks, Samsung Electronics (0.89%), SK Hynix (0.89%), Kakao (0.34%), Samsung Biologics (1.24%), Samsung SDI (0.13%), Hyundai Motor (0.92%), and Celltrion (1.97%) maintained an upward trend, while NAVER and LG Chem held prices steady from the previous day.

The KOSDAQ index stood at 1,033.12, up 0.19% (2.01 points) from the previous trading day. The KOSDAQ opened at 1,033.17, up 0.20% (2.03 points) from the previous day. Regarding investor trends, institutions and individuals bought stocks worth 4.7 billion KRW and 6.7 billion KRW respectively, while foreigners sold stocks worth 4.9 billion KRW alone.

Among the top market capitalization stocks, Celltrion Healthcare (1.68%), Celltrion Pharm (2.30%), Pearl Abyss (1.89%), HL B (2.08%), Seegene (4%), and Alteogen (3.25%) rose, while Kakao Games (-1.46%), EcoPro BM (-2.63%), SK Materials (-0.33%), and CJ ENM (-0.61%) declined.

Seosangyoung, a researcher at Mirae Asset Securities, said, “Considering that Korea’s export growth rate in July recorded an all-time high in trade history, with semiconductors increasing by 39.6% year-on-year and all 15 major items increasing for two consecutive months, a rise in the domestic stock market is expected. However, individual stock issues and waiting for this week’s economic indicator results will likely lead to a cautious market sentiment.”

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