KOSPI Extends Gains in Afternoon... Recaptures 2400 Level

On the 21st, when the KOSPI index started with a slight rise, dealers were working in the Hana Bank dealing room in Euljiro, Seoul. Photo by Mun Ho-nam munonam@

[Asia Economy Reporter Kwon Jaehee] On the 21st, the KOSPI index showed a solid trend by expanding its gains in the afternoon session. The two major indices started higher, buoyed by the European stock markets closing up and news of the U.S. Biden administration's push for gasoline tax exemption, but showed mixed movements with fluctuations in the early session. However, in the afternoon, the KOSPI index expanded its gains and reclaimed the 2400 level.

As of 2:02 PM, the KOSPI index stood at 2420.30, up 1.22% (29.27 points) from the previous trading day. The KOSPI opened the day at 2402.99, up 0.50% (11.96 points) from the previous close.

By investor type, individuals and foreigners sold net amounts of 220 billion KRW and 254.6 billion KRW respectively, while institutions purchased stocks worth 472 billion KRW.

Among the top 10 stocks by market capitalization, only LG Chem remained flat, while all other stocks showed gains. Samsung Electronics (0.68%), LG Energy Solution (0.12%), SK Hynix (1.38%), Samsung Biologics (0.36%), Samsung Electronics Preferred (0.56%), NAVER (3.21%), Samsung SDI (2.50%), Hyundai Motor (2.35%), and Kia (2.78%) recorded upward trends.

By sector, all sectors are showing gains. Transportation Equipment (2.87%), Warehousing and Transportation (2.73%), Textile and Apparel (2.64%), Medical Precision (2.53%), Machinery (2.36%), Distribution (2.30%), Securities (2.11%), Services (2.06%), Pharmaceuticals (1.50%) in order.

At the same time, the KOSDAQ index rose 1.51% (11.63 points) to 781.55. The KOSDAQ opened at 774.80, up 0.63% (4.88 points) from the previous trading day.

By investor type, individuals alone sold a net amount of 51.8 billion KRW, while foreigners and institutions bought net amounts of 33.4 billion KRW and 37.7 billion KRW respectively.

Among the top 10 stocks by market capitalization on KOSDAQ, all stocks except L&F (-1.19%) and Cheonbo (-2.10%) showed gains. Ecopro BM (0.60%), Celltrion Healthcare (1.15%), Kakao Games (10.50%), HLB (1.97%), Pearl Abyss (3.21%), Celltrion Pharm (1.50%), Alteogen (3.11%), and Wemade (7.19%) recorded upward trends.

KOSDAQ also showed gains across all sectors. Digital Content (5.26%), IT Software (3.65%), Other Manufacturing (3.30%), Medical Precision Instruments (3.28%), Pharmaceuticals (2.37%), Software (2.20%), Metals (2.07%), Telecommunications Equipment (2.03%), Information Devices (2.01%) and others.

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