Early KOSPI Gains Driven by Individual and Institutional Buying Pressure

KOSPI Surpasses 3130 Early in Trading
KOSDAQ Starts Higher... Surpasses 1039 Level

[Asia Economy Reporter Gong Byung-sun] The KOSPI is showing an upward trend in the early session due to buying pressure from individuals and institutions. The KOSDAQ is also rising, supported by individual buying.

On the 10th, the KOSPI opened at 3121.09, up 0.21% (6.39 points) from the previous day. As of 9:19 a.m., it recorded 3130.31, surpassing the 3130 mark.

Buying pressure from individuals and institutions is strong. Individuals and institutions net purchased 50.1 billion KRW and 23.4 billion KRW, respectively. Foreigners net sold 75.8 billion KRW.

Most sectors rose. Pharmaceuticals had the largest increase at 1.24%. This was followed by transportation and warehousing (0.93%), medical precision instruments (0.75%), electric and gas utilities (0.74%), and distribution (0.61%). Banks (-0.36%), textiles and apparel (-0.18%), paper and wood (-0.12%), and construction (-0.09%) declined.

Many of the top 10 market capitalization stocks showed strength. Samsung Biologics had the largest gain at 1.64%. This was followed by NAVER (1.38%), Kakao (0.78%), Samsung SDI (0.67%), SK Hynix (0.49%), and LG Chem (0.27%). Kia (-0.47%), Samsung Electronics (-0.27%), Hyundai Motor (-0.24%), and Celltrion (-0.19%) declined.

The KOSDAQ opened at 1035.86, up 0.12% (1.24 points) from the previous day. It rose to 1039.73 as of 9:19 a.m.

Individual buying led to the index rise. Individuals net purchased 42 billion KRW. Foreigners and institutions net sold 6.3 billion KRW and 33.1 billion KRW, respectively.

Almost all sectors rose. General electric and electronics had the largest increase at 2.25%. This was followed by finance (1.14%), IT components (0.98%), IT hardware (0.68%), and telecommunications equipment (0.56%). Digital content (-0.62%), publishing and media replication (-0.39%), and IT software and services (-0.21%) declined.

Most of the top 10 market capitalization stocks rose. EcoPro BM had the largest gain at 5.03%. The strength of EcoPro BM is interpreted as due to news of signing a long-term supply contract worth 10 trillion KRW with SK Innovation. This was followed by L&F (3.13%), HLB (0.61%), Kakao Games (0.55%), Seegene (0.31%), Alteogen (0.25%), and Celltrion Healthcare (0.09%). Pearl Abyss (-5.58%) and SK Materials (-0.49%) declined. Celltrion Pharm showed no change.

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