[Asia Economy Reporter Minji Lee] The KOSDAQ index turned to an upward trend due to individual investors' buying momentum. The KOSPI is showing mixed movements, fluctuating between gains and losses in the afternoon session.
At 1:10 PM on the 13th, the KOSDAQ index was trading at 687.96, up 3.75 points (0.55%) from the previous session. The KOSDAQ index opened at 675.53, down 1.12% (7.68 points) from the previous session, but turned to an upward trend in the afternoon.
Currently, individual investors have net purchased stocks worth 35.5 billion KRW in the KOSDAQ market, while foreigners and institutions sold stocks worth 15.1 billion KRW and 4 billion KRW, respectively. As individuals who had sold stocks early in the session switched to net buying, the index showed an upward trend.
Among the top market capitalization stocks, Celltrion Healthcare was trading at 92,400 KRW, up 2.90% from the previous session. Celltrion Pharm (5.83%), Alteogen (8.80%), and CJ ENM (1.06%) also maintained upward trends.
On the other hand, at the same time, the KOSPI was trading at 1,917.56, down 0.24% (4.61 points) from the previous session. The KOSPI opened at 1,897.50, down 1.28% (24.67 points) from the previous session, rose to 1,926.23 during the session, and then showed mixed movements. Currently, individual investors alone bought stocks worth 364.9 billion KRW, while foreigners and institutions sold stocks worth 291.6 billion KRW and 79.4 billion KRW, respectively.
Seo Sang-young, a researcher at Kiwoom Securities, analyzed, "Although the market started lower due to the impact of the US stock market decline, it succeeded in turning to an upward trend during the session thanks to foreigners actively net buying futures. Additionally, the Chinese stock market also narrowed its losses, providing a positive influence, but due to remaining uncertainties, the upward momentum could not be expanded."
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