Due to Institutional Buying... KOSPI Firmly Holds in the Early Session at 2980s

KOSDAQ Market Rises to 999 Early in Trading Session

[Image source=Yonhap News]

[Asia Economy Reporter Gong Byung-sun] The KOSPI is showing a firm opening, supported by strong buying from institutional investors. The KOSDAQ also rose close to the 1000-point mark, driven by institutional buying.

On the 1st, the KOSPI opened at 2984.18, up 0.45% (13.50 points) from the previous trading day. It even rose to 2988.24 at 9:18 AM.

Institutional buying was strong, with institutions net purchasing 150.1 billion KRW. Individuals and foreigners net sold 12 billion KRW and 131.2 billion KRW, respectively.

Most sectors rose. The medical precision sector saw the largest increase at 1.26%, followed by machinery (1.12%), construction (1.02%), banking (0.99%), and pharmaceuticals (0.99%). Sectors that declined included paper and wood (-0.33%), steel and metals (-0.32%), and transportation equipment (-0.16%).

Almost all of the top 10 stocks by market capitalization rose. SK Hynix had the largest gain at 2.43%, followed by KakaoBank (1.58%), Samsung Electronics (0.72%), Samsung Biologics (0.57%), NAVER (0.49%), Kakao (0.40%), and LG Chem (0.36%). Samsung SDI (-1.23%) and Kia (-0.82%) declined. Hyundai Motor remained flat.

The KOSDAQ opened at 995.56, up 0.33% (3.23 points) from the previous trading day. It rose to 999.07 at 9:28 AM.

Institutional buying led to the index's rise, with institutions net purchasing 27 billion KRW. Individuals and foreigners net sold 7.6 billion KRW and 3.5 billion KRW, respectively.

Many sectors showed strength. The publishing and media reproduction sector had the largest increase at 2.62%, followed by digital content (1.80%), software (1.86%), IT S/W & SVC (1.75%), and transportation equipment and parts (1.54%). Sectors that declined included textiles and apparel (-1.29%), paper and wood (-0.93%), general electrical and electronics (-0.85%), finance (-0.84%), and IT components (-0.77%).

Most of the top 10 stocks by market capitalization rose. HL Biopharma had the largest gain at 3.68%, followed by Pearl Abyss (2.21%), Kakao Games (2.13%), Celltrion Healthcare (2.10%), Celltrion Pharm (1.94%), and Wemade (0.66%). EcoPro BM (-1.88%), L&F (-1.36%), and CJ ENM (-0.91%) declined. SK Materials remained flat.

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