Early Session Slightly Firm KOSPI... Starts in the 2860s

KOSDAQ Weakens... Falls Nearly 1%

On the morning of the 1st, with the KOSPI starting on an upward trend, employees are working in the Hana Bank dealing room in Jung-gu, Seoul.
[Image source=Yonhap News]

[Asia Economy Reporter Minwoo Lee] The KOSPI opened in the early session with a firm tone, starting in the 2860 range. Similarly, the KOSDAQ, which also started with a firm tone, turned slightly weaker shortly after the opening.

On the 1st, the KOSPI opened at 2860.12, up 0.74% (21.11 points) from the previous day. As of 9:24 AM, it was recording 2854.35.

By investor type, foreign investors and institutions showed notable buying momentum. They net bought 124.8 billion KRW and 91.5 billion KRW respectively. Individuals net sold 215.2 billion KRW.

More sectors rose than fell. Pharmaceuticals showed the largest gain at 2.10%. This was followed by machinery (0.89%), electric and gas utilities (0.74%), and transportation equipment (0.42%). Textile and apparel (-2.53%), telecommunications (-1.90%), and non-metallic minerals (-1.84%) declined.

Most of the top market capitalization stocks rose. Samsung Biologics had the largest increase at 2.59%. This was followed by Kia (1.41%), NAVER (1.18%), LG Chem (1.15%), Hyundai Motor (1.02%), and Samsung Electronics (0.98%). SK Hynix (-0.88%), Samsung SDI (-0.44%), Kakao (-0.41%), and Kakao Bank (-0.30%) declined.

The KOSDAQ also opened up 0.44% (4.27 points) at 969.90 compared to the previous day but soon turned slightly weaker. As of 9:24 AM, it stood at 957.52.

On the other hand, in the KOSDAQ market, individuals alone net bought 46.3 billion KRW. Foreigners and institutions net sold 28.1 billion KRW and 9.9 billion KRW respectively.

Most sectors were in decline. Paper and wood (-3.61%), general electric and electronics (-3.58%), and digital content (-3.52%) saw particularly large drops. Only distribution rose by 1.03%.

Most of the top 10 market cap stocks were down. Ecopro BM had the largest drop at -5.58%. This was followed by L&F (-4.90%), Wemade (-4.11%), Pearl Abyss (-2.89%), Seegene (-2.25%), and Kakao Games (-1.42%). Celltrion Healthcare (2.84%), Celltrion Pharm (2.25%), and HLB (0.14%) rose. SK Materials remained flat.

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