Individual 'Saja' Leads KOSPI Up 0.2%... LG Energy Solution Rises 4% ↑

[Image source=Yonhap News]

[Asia Economy Reporter Lee Jung-yoon] On the afternoon of the 2nd, the domestic stock market is on the rise due to net buying by individuals.

As of 1:45 PM on the day, the KOSPI index was recorded at 2,421.34, up 5.73 points (0.24%). The index had turned downward around noon but then resumed its upward trend. Individuals drove the index up with net purchases worth approximately 87 billion KRW. In contrast, foreigners and institutions net sold about 51.8 billion KRW and 50.3 billion KRW, respectively.

Among the top market capitalization stocks, LG Energy Solution, which is expected to expand its market share in the US energy storage system (ESS) market following the passage of the Inflation Reduction Act (IRA), rose the most sharply by 4%. This was followed by Samsung Biologics (1.69%), Samsung SDI (1.22%), Hyundai Motor (1.02%), and Kia (1.00%) showing strong performance. On the other hand, Kakao (-0.98%), Samsung Electronics (-0.86%), NAVER (-0.64%), LG Chem (-0.48%), and SK Hynix (-0.32%) were weak.

By sector, textiles and apparel (2.14%), insurance (1.52%), pharmaceuticals (0.84%), and transportation equipment (0.82%) were on the rise. Conversely, steel and metals (-1.96%), electric and gas utilities (-0.79%), services (-0.30%), securities (-0.30%), paper and wood (-0.14%), and transportation and warehousing (-0.12%) declined.

The KOSDAQ index also turned downward during the session but is rising again due to buying by individuals and institutions. At the same time, it was recorded at 789.89, up 1.57 points (0.20%) from the previous day. Individuals and institutions purchased about 56.9 billion KRW and 8.1 billion KRW respectively, while foreigners net sold 71.4 billion KRW.

Among the top market capitalization stocks, Celltrion Pharm (-0.66%) was the only one showing weakness. Alteogen rose the most sharply by 1.98%, followed by Celltrion Healthcare (0.85%), Chunbo (0.73%), and EcoPro (0.62%) showing strength. Studio Dragon recorded a 0.27% rise but dropped to 11th place in market capitalization ranking.

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