KOSPI Rises 0.5%... KOSDAQ Recovers to 1000 Level

Kakao Games Shows Intraday Increase of Over 10%

[Image source=Yonhap News]

[Asia Economy Reporter Gong Byung-sun] The KOSPI is showing an upward trend due to strong buying by institutional investors. The KOSDAQ has regained the 1000-point level.

As of 1:40 PM on the 1st, the KOSPI recorded 2986.13, up 0.52% (15.45 points) from the previous trading day. It even rose to 2991.81 at 10:24 AM that day.

Institutional investors are aggressively buying. Institutions net purchased 468.8 billion KRW. Individuals and foreigners net sold 188.5 billion KRW and 267.2 billion KRW, respectively.

Most sectors rose. The medical precision sector showed the largest increase at 2.41%. This was followed by banks (1.21%), pharmaceuticals (1.04%), construction (0.95%), and non-metallic minerals (0.91%). Sectors that declined included textiles and apparel (-0.62%), steel and metals (-0.35%), paper and wood (-0.20%), chemicals (-0.15%), and electric and gas utilities (-0.10%).

Many of the top 10 market capitalization stocks showed strength. SK Hynix had the largest gain at 3.40%. This was followed by KakaoBank (1.43%), Samsung Electronics (1.00%), Samsung Biologics (0.69%), Hyundai Motor (0.24%), and NAVER (0.12%). Samsung SDI (-2.04%), Kia (-0.71%), and LG Chem (-0.24%) declined. Kakao remained unchanged.

At the same time, the KOSDAQ recorded 1000.66, up 0.84% (8.33 points) from the previous trading day. It even rose to 1001.25 at 1:31 PM that day.

Foreigners and institutions buying led to the index's rise. Foreigners and institutions net purchased 23.7 billion KRW and 95.1 billion KRW, respectively. Individuals net sold 96.6 billion KRW.

Many sectors showed strength. The digital content sector had the largest increase at 4.64%. This was followed by publishing and media replication (4.24%), IT software & services (3.36%), transportation equipment and parts (2.14%), and computer services (1.91%). Sectors that declined included textiles and apparel (-1.39%), finance (-1.31%), paper and wood (-1.24%), general electric and electronics (-1.12%), and chemicals (-0.97%).

Many of the top 10 market capitalization stocks that rose include Kakao Games, which had the largest gain at 10.03%. This was followed by HL Biopharma (5.23%), Pearl Abyss (4.81%), Celltrion Pharm (3.09%), Celltrion Healthcare (2.35%), L&F (1.03%), CJ ENM (0.34%), and Wemade (0.33%). EcoPro BM (-1.76%) and SK Materials (-0.21%) declined.

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