KOSPI Holds Firm Near 3000 Level Amid Foreign Buying Pressure...

KOSDAQ Also Sees Reduced Gains Compared to Early Trading Session

[Image source=Yonhap News]

[Asia Economy Reporter Gong Byung-sun] The KOSPI is showing a firm gain, supported by foreign buying. The KOSDAQ is also firm but has narrowed its gains compared to early trading.

As of 2:14 p.m. on the 16th, the KOSPI recorded 2,996.77, up 0.25% (7.38 points) from the previous day. It opened at 3,013.26 but fell back below the 3,000 mark.

Foreign buying continued to support the firm trend. Foreigners were net buyers of 124.6 billion KRW. Individuals and institutions were net sellers of 22 billion KRW and 132.7 billion KRW, respectively.

Almost all sectors rose. The telecommunications sector posted the largest gain at 2.57%, followed by precision medical instruments (2.08%), pharmaceuticals (1.78%), transportation and warehousing (0.90%), chemicals (0.71%), and textiles and apparel (0.66%). The food and beverage sector (-0.65%), machinery (-0.61%), securities (-0.32%), steel and metals (-0.20%), and services (-0.11%) declined in that order.

Most of the top 10 market capitalization stocks showed gains. Samsung Biologics led with a 5.09% increase, followed by Kia (1.19%), Samsung SDI (1.04%), LG Chem (0.86%), Kakao (0.84%), KakaoBank (0.80%), Hyundai Motor (0.48%), and Samsung Electronics (0.13%). NAVER (-0.52%) and SK Hynix (-0.40%) declined.

At the same time, the KOSDAQ recorded 1,008.12, up 0.46% (4.60 points) from the previous day. It had risen to 1,016.32 at 9:52 a.m.

Institutional buying was relatively strong. Institutions were net buyers of 49.7 billion KRW. Individuals and foreigners were net sellers of 20.4 billion KRW and 11.4 billion KRW, respectively.

Most sectors rose. The medical and precision instruments sector posted the largest gain at 1.96%, followed by digital content (1.94%), paper and wood (1.66%), transportation (1.43%), and IT software & services (1.36%). Textiles and apparel (-1.41%), other services (-0.71%), internet (-0.63%), construction (-0.39%), and transportation equipment and parts (-0.30%) declined in that order.

Many of the top 10 market capitalization stocks showed strength. Wemade led with a 4.06% increase, followed by Pearl Abyss (3.67%), L&F (0.88%), Celltrion Pharm (0.64%), and EcoPro BM (0.02%). HLB (-1.29%), Alteogen (-1.06%), Celltrion Healthcare (-0.61%), and Kakao Games (-0.11%) declined. SK Materials is currently suspended from trading due to its merger with SK.

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