KOSPI Trades Around 2230 During Session... Uptrend Continues Into Afternoon

Published 24 Oct.2022 13:35(KST)

Updated 05 Mar.2023 16:45(KST)

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On the 24th, the KOSPI opened at 2248.26, up 35.14 points (1.59%) from the previous trading day, at the Hana Bank dealing room in Jung-gu, Seoul. The won-dollar exchange rate started at 1430.0 won, down 9.8 won from the previous trading day. Photo by Hyunmin Kim kimhyun81@

[Asia Economy Reporter Minji Lee] The KOSPI continues to maintain an upward trend in the afternoon, driven by buying pressure from institutions and foreigners.

As of 1:30 PM on the 24th, the KOSPI stands at 2234.13, up 0.97% (21.01 points) compared to the previous trading day. The index opened at 2248.26, up 1.59% (35.14 points) from the previous day, and has maintained its upward momentum. Although the rate of increase has slowed since the early session, institutions and foreigners continue to be net buyers. On this day, foreigners and institutions purchased stocks worth approximately 41 billion KRW and 323.5 billion KRW respectively, while individual investors sold stocks worth 372.3 billion KRW alone.

Among the top market capitalization stocks, the semiconductor sector is showing strength. Influenced by the Philadelphia index rising more than 3% last week, Samsung Electronics (2.33%) and SK Hynix (1.60%) showed strong performance. Additionally, LG Energy Solution (2.20%), Samsung Biologics (2.36%), Samsung SDI (2.55%), and LG Chem (1.23%) continued their upward trend. Conversely, Hyundai Motor (-0.6%), Kia (-1.18%), and NAVER (-0.9%) continued to decline.

At the same time, the KOSDAQ index is also up, standing at 689.52, an increase of 2.23% (15.04 points) compared to the previous trading day. The index opened at 686.43, up 1.77% (11.95 points) from the previous day, and has maintained its upward momentum. Regarding investment trends, foreigners and institutions bought stocks worth approximately 85.8 billion KRW and 133.5 billion KRW respectively, while individual investors sold stocks worth 221.2 billion KRW alone.

Looking at the top market capitalization stocks, all are continuing their upward trend. Ecopro BM (0.66%), Celltrion Healthcare (2.5%), L&F (4.03%), HLB (6.38%), Ecopro (0.88%), Kakao Games (1.32%), Pearl Abyss (2.35%), Celltrion Pharm (2.06%), Chunbo (1.29%), and Rinno Industrial (3.92%) are all recording strong gains.