KOSPI Breaks Resistance Line, Surges Past 2300 Level... KOSDAQ Also Rises Over 1%

[Asia Economy Reporter Oh Ju-yeon] On the 5th, the domestic stock market showed strong gains, rising by more than 1% during the session. In the KOSPI market, individual investors continued to dominate the supply and demand, while in the KOSDAQ market, foreign and institutional investors showed net buying trends.

As of 2:30 PM on the day, the KOSPI recorded 2304.04, up 1.08% from the previous trading day, surpassing the 2300 mark for the first time in about 1 year and 10 months. The KOSPI had not exceeded 2300 at closing since October 2, 2018, when it closed at 2309.57. However, during the session, it rose as much as 2309.36, up 1.29% from the previous day, easily breaking through the 2300 level.

By sector, pharmaceuticals in the KOSPI market surged sharply, rising 5.67% compared to the previous trading day. Chemicals (3.19%), non-metallic minerals (3.35%), and textiles and apparel (2.52%) also showed strong performance.

Among the top market capitalization stocks, Samsung Electronics (-0.87%), SK Hynix (-1.23%), and Kakao (-0.41%) declined, but Samsung Biologics (6.39%), LG Chem (4.05%), Celltrion (3.81%), and Samsung SDI (9.98%) rose sharply.

The KOSDAQ index also surpassed the 840 mark during the session. At this time, individuals sold stocks worth 69.9 billion KRW, while foreigners and institutions bought stocks worth 84.3 billion KRW and 6.5 billion KRW, respectively.

Among the top market capitalization stocks, Celltrion Healthcare (4.92%), Seegene (1.10%), HL Biopharma (2.79%), Celltrion Pharm (4.64%), and EcoPro BM (4.75%) also rose significantly.