KOSPI Starts Higher... KOSDAQ Reclaims 900 Level
On the 18th, the domestic stock market started on an upward trend.
As of 9:05 a.m. that day, the KOSPI index was at 2,625.60, up 6.60 points (0.25%) from the previous trading day. Individual investors and institutions were net buyers of 61 billion KRW and 10.9 billion KRW, respectively, while foreign investors were net sellers of 71.3 billion KRW.
Among the top market capitalization groups in the Korea Exchange, Samsung Electronics traded slightly lower at 73,200 KRW, down 0.14%. Most others showed modest gains, including LG Energy Solution (0.37%), SK Hynix (0.68%), Samsung Biologics (0.14%), Samsung SDI (0.29%), and LG Chem (0.30%).
Han Ji-young, a researcher at Kiwoom Securities, said, "The rise is expected to continue, supported by strong U.S. stock market momentum driven by favorable economic conditions, favorable exchange rate conditions, and anticipation of the Q2 earnings season." She added, "Unlike the U.S. stock market, where valuation pressures are accumulating, the valuation burden on the KOSPI is relatively limited, which will also strengthen the market's downward rigidity." However, she cautioned, "Since there has recently been a renewed concentration of supply and demand in domestic secondary battery-related stocks, it is necessary to pay attention to increased intraday supply-demand volatility."
At the same time, the KOSDAQ index was trading at 902.02, up 3.73 points (0.42%) from the previous trading day.
Individual investors were net buyers of 50.9 billion KRW, while foreign and institutional investors were net sellers of 43.3 billion KRW and 5.5 billion KRW, respectively.
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Among the top market capitalization groups in KOSDAQ, the 'Ecopro' siblings showed nearly 1% gains together. Ecopro BM was up 0.90% at 281,500 KRW, and Ecopro was up 0.90% at 1,008,000 KRW. JYP Ent. showed a 2.34% increase. On the other hand, Celltrion Healthcare (-0.29%), POSCO DX (-0.95%), and Celltrion Pharm (-1.38%) were on the decline.
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