KOSPI Rises on Individual Net Buying, Recovers Above 2400 Level... KOSDAQ Also Slightly Up

[Image source=Yonhap News]

[Asia Economy Reporter Lee Jung-yoon] On the morning of the 26th, the KOSPI index recorded an upward trend driven by individual buying. The KOSDAQ index also rose slightly due to individual purchases.

As of 11:23 a.m. that day, the KOSPI index was recorded at 2408.66, up 4.97 points (0.21%) from the previous trading day. The index opened at 2397.27, down 6.42 points (0.27%) from the previous session, fluctuated around the 2400 level, and then increased its gains. Individuals purchased about 44.9 billion KRW, leading the index's rise, while foreigners and institutions sold net amounts worth approximately 9.7 billion KRW and 33.2 billion KRW, respectively.

Among the top market capitalization stocks, LG Energy Solution, which is set to have its lock-up shares released on the 27th, recorded the largest gain, rising 2.17%. LG Energy Solution announced that it had agreed to establish a battery recycling joint venture with Huayou Cobalt, China's top cobalt refining company, to extract key raw materials from used batteries. Following this, LG Chem (1.44%), SK Hynix (1.00%), Samsung Electronics (0.65%), and Samsung SDI (0.18%) also showed upward trends. On the other hand, NAVER (-2.62%), Kakao (-1.64%), Hyundai Motor (-1.02%), Kia (-0.49%), and Samsung Biologics (-0.36%) were weak.

By industry, construction rose 1.87%, and paper & wood, non-metallic minerals, textiles & apparel, telecommunications, and machinery also showed gains in the 1% range. Conversely, service industries (-1.05%), transportation equipment (-0.55%), finance (-0.48%), insurance (-0.46%), and transportation & warehousing (-0.09%) were weak.

At the same time, the KOSDAQ index recorded 789.87, up 0.18 points (0.02%) from the previous trading day. Individuals net bought about 92.1 billion KRW, but foreigners and institutions sold approximately 73.2 billion KRW and 16.1 billion KRW, respectively.

Among the top market capitalization stocks, Alteogen rose 2.12%, showing the largest gain. This was followed by L&F (1.49%), HLB (0.74%), Kakao Games (0.71%), Celltrion Healthcare (0.43%), and Celltrion Pharm (0.37%). Pearl Abyss (-1.70%), Chunbo (-1.37%), Studio Dragon (-0.92%), and EcoPro BM (-0.59%) declined.

On this day, the domestic stock market showed limited movement ahead of the U.S. Federal Open Market Committee (FOMC) meeting scheduled for the 27th (local time). Lee Jae-sun, a researcher at Hyundai Motor Securities, explained, "There is no clear direction ahead of the FOMC, and trading volume is almost nonexistent," adding, "It is expected that a wait-and-see stance will continue until the FOMC."

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