KOSPI Touches 2140 Level on Upward Momentum... KOSDAQ Fluctuates Around 750 Level

[Asia Economy Reporter Oh Ju-yeon] Despite rising concerns over the resurgence of the novel coronavirus infection (COVID-19), the domestic stock market maintained its upward trend on the 26th, as the impact had already been reflected in the previous day’s trading and analyses suggested that the economic shock from COVID-19 would be less severe compared to other countries.

As of 1:48 PM on the day, the KOSPI recorded 2,139.30, up 1.28% from the previous trading day. The KOSPI, which started the day at 2,137.47, up 1.19% from the previous day, fell to 2,115.25 during the morning session but widened its gains again in the afternoon. It even rose as high as 2,142.04 during intraday trading.

Among the top market capitalization stocks, Samsung Electronics (2.89%), SK Hynix (1.07%), LG Chem (0.40%), and Samsung SDI (0.54%) rose, while Kakao remained flat. Samsung Biologics (-1.35%) and NAVER (-0.19%) declined.

The KOSDAQ index recorded 752.01, up 0.22% from the previous trading day. The KOSDAQ index, which started the day up 1%, retreated to 742.57 with a 1% intraday drop but showed signs of rebounding again.

Among the top market capitalization stocks, Celltrion Healthcare (-0.44%), HL Biopharma (-0.10%), and Celltrion Pharm (-1.03%) declined, while Alteogen (1.13%) and Seegene (2.97%) rose.

By investor type, in the KOSPI market, individuals net bought 138.2 billion KRW, foreigners net bought 31.4 billion KRW, and institutions net sold 162.2 billion KRW. In the KOSDAQ market, only individuals bought 68.5 billion KRW, while foreigners and institutions sold 18.3 billion KRW and 35.0 billion KRW, respectively.