Thanks to Individual and Institutional Buying... KOSPI Rebounds in Early Trading

KOSDAQ Also Shows Over 1% Increase

[Image source=Yonhap News]

[Asia Economy Reporter Gong Byung-sun] The KOSPI, which started off lower, is rebounding thanks to strong buying from individuals and institutions.

On the 13th, the KOSPI opened at 2913.34, down 0.10% (3.04 points) from the previous day. However, it turned upward at 9:03 a.m. that day.

Buying pressure from individuals and institutions is strong. Individuals and institutions net bought 10.9 billion KRW and 105.4 billion KRW, respectively. Foreigners net sold 126.3 billion KRW.

Most sectors rose. The banking sector had the largest gain at 1.83%, followed by machinery (1.63%), transportation equipment (1.62%), services (1.61%), and medical precision (1.48%). Steel and metals (-0.46%) and insurance (-0.29%) declined.

All of the top 10 market capitalization stocks rose. Hyundai Motor had the largest gain at 2.69%, followed by Kakao (2.64%), NAVER (2.55%), Kia (1.70%), Celltrion (1.17%), Samsung SDI (0.75%), SK Hynix (0.66%), LG Chem (0.63%), Samsung Biologics (0.60%), and Samsung Electronics (0.29%).

The KOSDAQ opened at 939.40, down 0.08% (0.75 points) from the previous day. It also quickly turned upward and rose to 951.49 by 9:23 a.m.

Foreigners' buying led to the index's rise. Foreigners net bought 29.4 billion KRW. Individuals and institutions net sold 26.5 billion KRW and 3.9 billion KRW, respectively.

All sectors rose. IT components had the largest gain at 2.54%, followed by digital content (2.33%), general electric and electronics (2.18%), broadcasting services (2.13%), and IT software & services (1.95%).

Except for HL Biopharma, all of the top 10 market capitalization stocks rose. L&F had the largest gain at 6.22%, followed by Pearl Abyss (6.01%), EcoPro BM (3.32%), CJ ENM (2.91%), Kakao Games (2.75%), Wemade (2.10%), Celltrion Pharm (1.22%), Celltrion Healthcare (1.15%), and SK Materials (0.62%). HL Biopharma remained flat.

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