Supported by institutional buying... KOSPI recovers to 3170 level

Kosdaq, which fell below 1000 early in the session, also shows an upward trend

[Asia Economy Reporter Gong Byung-sun] The KOSPI is showing an upward trend, supported by institutional buying. The KOSDAQ, which had once fallen below the 1000 mark, also surpassed the 1020 level during the session.

As of 1:57 PM on the 18th, the KOSPI recorded 3170.82, up 0.88% (27.73 points) from the previous trading day. It even rose to 3174.33 at 1:54 PM.

Institutional buying led to the index's rise. Institutions net purchased 418.7 billion KRW. Individuals net sold 157.2 billion KRW, and foreigners net sold 247.1 billion KRW.

Almost all sectors rose. The textile and apparel sector had the largest increase at 3.98%, followed by banks (3.68%), transportation and warehousing (3.09%), services (1.70%), and telecommunications (1.62%). Insurance (-0.93%) and pharmaceuticals (-0.32%) declined.

Most of the top 10 market capitalization stocks rose. KakaoBank had the largest gain at 4.46%, followed by SK Hynix (3.45%), Kakao (2.82%), NAVER (0.70%), Celltrion (0.55%), LG Chem (0.45%), Samsung Electronics (0.40%), and Samsung SDI (0.25%). Samsung Biologics (-1.58%) and Hyundai Motor (-0.23%) fell.

At the same time, the KOSDAQ recorded 1018.11, up 0.70% (7.06 points) from the previous trading day. It initially dropped to 999.26 early in the session, falling below the 1000 mark. However, after turning upward, it rose to 1021.69 by 11:55 AM.

Foreigners and institutions showed strong buying. Foreigners and institutions net purchased 88.3 million KRW and 1.9 billion KRW, respectively. Individuals net sold 91 billion KRW.

Almost all sectors rose. The transportation equipment and parts sector had the largest increase at 4.73%, followed by entertainment and culture (2.09%), finance (1.96%), broadcasting services (1.80%), and metals (1.46%). Other manufacturing (-4.72%), chemicals (-1.53%), transportation (-1.16%), internet (-0.93%), and pharmaceuticals (-0.26%) declined.

Many of the top 10 market capitalization stocks showed strength. HL Biotech had the largest gain at 15.66%, followed by EcoPro BM (3.67%), CJ ENM (2.20%), Pearl Abyss (1.62%), Kakao Games (1.56%), L&F (1.20%), and Celltrion Pharm (0.61%). Seegene (-1.78%), SK Materials (-0.40%), and Celltrion Healthcare (-0.34%) declined.

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