KOSPI and KOSDAQ Start with 1% Range Gains
Foreigners and Institutions 'Palja'
Foreigners, 'Saja' in the Futures Market
On the 26th, when the won-dollar exchange rate surpassed 1,420 won for the first time in about 13 years and 6 months, dealers were working in the dealing room of KB Kookmin Bank in Yeouido, Seoul. On that day, the KOSPI index opened at 2,260.80, down 29.20 points (1.28%) from the previous trading day, continuing its downward trend. Photo by Jinhyung Kang aymsdream@
View original image[Asia Economy Reporter Hwang Yoon-joo] The KOSPI and KOSDAQ indices started with gains of over 1%.
As of 9:03 AM on the 29th, the KOSPI index is trading at 2201.48, up 1.48% (32.19 points) from the previous trading day. The index opened at 2197.75, up 1.31% (28.46 points) from the previous day.
The index is being driven by individual investors. Individuals are net buying 46.9 billion KRW alone. Foreigners and institutions are net selling 36.4 billion KRW and 11.2 billion KRW respectively. However, foreigners are buying 428.4 billion KRW in the futures market.
All of the top 10 KOSPI stocks by market capitalization are rising. Samsung Biologics leads with a 4.95% increase. Following are Samsung SDI (3.37%), SK Hynix (1.97%), LG Energy Solution (1.73%), Naver (1.50%), Kakao (1.23%), Samsung Electronics (1.13%), and Hyundai Motor (1.11%).
By sector, pharmaceuticals (4.10%) show the highest gains, with medical precision equipment (3.31%) also notable. Securities (1.92%) and machinery (1.88%) are also prominent. On the other hand, non-metallic minerals (-0.50%) and food and beverage (-0.35%) are the only sectors declining.
As of 9:08 AM, the KOSDAQ index opened at 686.63, up 1.89% (12.76 points), and is expanding gains to 690.75, up 2.50% (16.88 points) from the previous day.
Similarly, all of the top 10 KOSDAQ stocks by market capitalization are rising. Alteogen (4.96%) and Kakao Games (3.84%) show notable increases. Following are JYP Entertainment (3.84%), Celltrion Healthcare (3.59%), Celltrion Pharm (3.28%), L&F (2.79%), EcoPro BM (2.61%), HLB (2.45%), EcoPro (2.26%), and Pearl Abyss (1.97%).
Meanwhile, in the Seoul foreign exchange market today, the KRW-USD exchange rate opened at 1425.5 KRW, down 15.4 KRW from the previous day's closing price.
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