KOSPI Starts Up at '3120'... KOSDAQ Also Recovers '1000' Level

[Image source=Yonhap News]

[Asia Economy Reporter Ji-hwan Park] On the 24th, the KOSPI opened higher at the '3120 level' thanks to net buying by individual investors. The KOSDAQ also surpassed the 1000 mark, continuing its upward trend for the second consecutive day following the previous day.

As of 9:12 AM, the KOSPI was at 3125.11, up 34.90 points (1.13%) from the previous trading day. The index started trading at 3119.70, up 29.49 points (0.95%) from the previous day.

Looking at trading trends by investor type, individuals showed a net buying advantage alone. Individuals net bought 67.8 billion KRW. In contrast, foreigners and institutions showed net selling of 52.9 billion KRW and 16.2 billion KRW, respectively.

Among the top 10 stocks by market capitalization, Samsung Electronics and SK Hynix were up 1.64% and 1.94%, respectively, compared to the previous day. NAVER (0.81%) and Kakao (0.67%) also rose. On the other hand, Samsung Biologics (-2.08%) and LG Chem (-0.63%) declined.

At the same time, the KOSDAQ was at 1005.19, up 12.01 points (1.21%) from the previous trading day. The KOSDAQ opened at 1002.19, up 0.91% (9.01 points) from the previous day.

On the KOSDAQ as well, individuals alone are net buying 81.8 billion KRW. Foreigners and institutions are net selling 73.9 billion KRW and 4.0 billion KRW, respectively.

Among the top 10 stocks by market capitalization, Ecopro BM (0.70%) and L&F (2.34%) are on the rise. Celltrion Healthcare (-0.17%), Celltrion Pharm (-1.31%), Kakao Games (-0.53%), and Pearl Abyss (-1.10%) declined.

Ji-young Han, a researcher at Kiwoom Securities, said, "The domestic stock market is expected to show an upward trend supported by positive factors from the U.S., such as the delay in early tapering and Pfizer's full approval of its vaccine," adding, "Technical buying is expected to continue due to the perception that the recent sharp decline over the past two weeks was excessive, following the previous trading day."

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