KOSPI Maintains Steady Momentum into Afternoon Session... KOSDAQ Records Over 4% Gain

[Image source=Yonhap News]

[Asia Economy Reporter Kwon Jaehee] The KOSPI and KOSDAQ indices, which started higher buoyed by the previous day's gains in the three major U.S. stock markets, continued to show a steady trend in the afternoon session on the 24th. It appears that bargain hunting was triggered by perceptions of excessive declines.

As of 2:10 p.m. on the day, the KOSPI index was trading at 2362.33, up 2.07% (48.01 points) from the previous trading day. The KOSPI opened at 2327.11, up 0.55% (12.79 points) from the previous day, and gradually increased its gains.

By investor type, individuals and foreigners were net sellers of 479.1 billion KRW and 51.1 billion KRW respectively, while institutions were the sole net buyers with 520.7 billion KRW.

Among the top 10 market capitalization stocks, all except LG Chem (-0.27%) recorded gains. These include Samsung Electronics (1.74%), LG Energy Solution (0.63%), SK Hynix (1.44%), Samsung Biologics (1.34%), Samsung Electronics Preferred (2.30%), NAVER (5.98%), Hyundai Motor (1.17%), Samsung SDI (1.88%), and Kakao (6.26%).

By sector, all sectors showed gains as well. These include Medical Precision (6.36%), Construction (4.79%), Paper & Wood (4.23%), Services (4.12%), Electricity & Gas (3.97%), Pharmaceuticals (3.37%), and Textiles & Apparel (3.33%).

At the same time, the KOSDAQ index was at 746.64, up 4.52% (32.26 points) from the previous trading day. The KOSDAQ opened at 719.47, up 0.71% (5.09 points) from the previous day.

By investor type, individuals were net sellers of 414.5 billion KRW, while foreigners and institutions bought stocks worth 326.4 billion KRW and 99.1 billion KRW respectively.

All of the top 10 KOSDAQ market capitalization stocks showed gains. These include EcoPro BM (2.97%), Celltrion Healthcare (9.55%), L&F (7.34%), Kakao Games (5.67%), HLB (5.19%), Pearl Abyss (6.53%), Celltrion Pharm (6.37%), Alteogen (2.74%), Chunbo (7.46%), and CJ ENM (0.63%).

By sector, all sectors showed strong gains. These include Digital Content (6.64%), Distribution (6.46%), IT Software (5.85%), IT Components (5.77%), Entertainment Culture (5.67%), Publishing & Reproduction (5.57%), and Software (5.48%).

Seo Sang-young, Head of Media Content at Mirae Asset Securities, analyzed, "The Korean stock market may experience increased volatility early in the session due to supply and demand factors among individual investors, but it tends to stabilize as time passes."

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