Individual 'Saja' Drives Domestic Stock Market Uptrend... KOSDAQ Surpasses 800 Mark
[Asia Economy Reporter Lee Jung-yoon] The domestic stock market is on the rise on the afternoon of the 31st as individual buying momentum continues.
As of 1:17 PM on the 31st, the KOSPI index recorded 2457.69, up 6.76 points (0.28%) from the previous day. The index started the day at 2433.47, down 17.46 points (0.71%), but later narrowed its losses and showed an upward trend as individuals net bought about 250.7 billion KRW. Meanwhile, foreigners and institutions sold about 101.5 billion KRW and 150.1 billion KRW worth, respectively.
Among the top market capitalization stocks, Samsung SDI (2.08%), SK Hynix (1.18%), LG Chem (1.15%), Samsung Electronics (0.68%), and Kia (0.25%) showed strength. On the other hand, LG Energy Solution (-1.29%), Kakao (-0.69%), Naver (NAVER) (-0.21%), and Samsung Biologics (-0.12%) declined. Hyundai Motor remained flat.
By sector, steel & metals (2.39%), medical precision instruments (2.12%), transportation & warehousing (0.80%), and electrical & electronics (0.58%) showed strength. Conversely, machinery (-2.56%), electric & gas utilities (-0.98%), construction (-0.45%), and non-metallic minerals (-0.31%) declined.
The KOSDAQ index also reversed its downward trend and surpassed the 800 mark. At the same time, the index was recorded at 803.39, up 6.37 points (0.80%) from the previous day. It started at 792.33, down 4.69 points (0.59%) from the previous day, but after fluctuating, it turned upward. Individuals purchased about 31.6 billion KRW, driving the index's rise. Foreigners and institutions net sold about 20.1 billion KRW and 15.7 billion KRW, respectively.
Hot Picks Today
"Buy on Black Monday"... Japan's Nomura Forecasts 590,000 for Samsung, 4 Million for SK hynix
- "Plunged During the War, Now Surging Again"... The Real Reason Behind the 6% One-Day Silver Market Rally [Weekend Money]
- "Not Everyone Can Afford This: Inside the World of the True Top 0.1% [Luxury World]"
- "We're Now Earning 10 Million Won a Month"... Semiconductor Boom Drives Performance Bonuses at Major Electronic Component Firms
- Experts Are Already Watching Closely..."Target Stock Price 970,000 Won" Now Only the Uptrend Remains [Weekend Money]
Among the top market capitalization stocks, EcoPro rose the most, up 4.79%. HLB also rose 3.44%. Following were Pearl Abyss (0.89%), Celltrion Healthcare (0.56%), and Celltrion Pharm (0.39%) showing strength. However, Alteogen (-1.09%), EcoPro BM (-1.07%), Studio Dragon (-0.53%), and L&F (-0.04%) declined. Kakao Games remained flat.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.