KOSPI Hits All-Time High... KOSDAQ Also Climbs

The Korean stock market opened strong on May 4. The KOSPI set a new all-time high at the start of trading and is trading above the 6,700 mark, while the KOSDAQ is also maintaining gains of over 2%.

As of 9:30 a.m. on this day, the KOSPI index was trading at 6,768.14, up 169.2 points (2.57%) from the previous session. The index started the session at 6,782.93, a gain of 184 points (2.79%), hitting a new intraday record high. Foreign investors have made net purchases of 865.8 billion won, institutions have net bought 236.1 billion won, while individuals have net sold 871 billion won.

By sector, textiles and apparel surged 6.87%, while electrical and electronics (3.44%), securities (3.22%), metals (3.00%), manufacturing (2.75%), and finance (2.55%) also showed strong performance. In contrast, construction (-3.35%), real estate (-2.37%), and paper and wood (-0.50%) were on the decline.

On the 4th, the KOSPI index is displayed on the status board in the dealing room of Hana Bank in Jung-gu, Seoul. Photo by Yonhap News Agency

원본보기 아이콘

The majority of large-cap stocks are also on the rise. SK Square (12.60%), SK hynix (5.37%), Samsung Electro-Mechanics (4.45%), Hanwha Aerospace (4.02%), HD Hyundai Electric (3.04%), Samsung C&T (3.02%), Samsung Electronics Preferred (2.65%), LS ELECTRIC (2.52%), Samsung Electronics (2.49%), and Kia Corporation (2.31%) are all climbing. On the other hand, Shinhan Financial Group (-1.30%), KB Financial Group (-1.18%), and Samsung Biologics (-0.51%) are showing weakness.

At the same time, the KOSDAQ index was at 1,220.31, up 27.96 points (2.34%) from the previous session. The KOSDAQ started at 1,212.28, up 19.93 points (1.67%), and has since extended its gains. Foreign investors have made net purchases of 393.1 billion won, while individuals and institutions have sold 373.4 billion won and 14.4 billion won, respectively.

Among the top KOSDAQ stocks by market capitalization, Voronoi (5.28%), Peptron (4.99%), Padu (4.73%), Kolon TissueGene (4.31%), HPSP (4.18%), Ecopro BM (3.40%), Ecopro (2.81%), Alteogen (2.58%), Rainbow Robotics (2.56%), and Ligochem Bio (2.45%) are all performing strongly. In contrast, Leeno Industrial (?1.76%), EO Technics (?0.96%), and ISC (?0.82%) are showing weakness.

© The Asia Business Daily(www.asiae.co.kr). All rights reserved.