[Asia Economy Reporter Eunmo Koo] The KOSPI continued its upward trend for the fifth consecutive trading day in the early session, rising to the 2350 level. The KOSDAQ index also maintained its upward momentum for the 10th consecutive day, driven by net buying from individual investors.
On the 7th, the KOSPI opened at 2349.25, up 6.64 points (0.28%) from the previous trading day. The KOSPI, which started the day higher, is maintaining a firm tone in the early session thanks to net buying by individual investors. As of 9:17 a.m., it was trading at 2353.15, up 10.54 points (0.45%) from the previous day.
Overnight, major indices on the New York Stock Exchange rose, supported by improved U.S. weekly unemployment data. On the 6th (local time) at the NYSE, the Dow Jones Industrial Average closed at 27,386.98, up 185.46 points (0.68%) from the previous session. The Standard & Poor's (S&P) 500 index rose 21.39 points (0.64%) to 3,349.16, and the tech-heavy Nasdaq index closed at 11,108.07, up 109.67 points (1.0%).
Looking at the current trading trends by participant, individual investors are leading the index rise with net buying of 187.3 billion KRW. In contrast, institutional and foreign investors are net sellers, offloading 179.5 billion KRW and 11.7 billion KRW respectively.
By sector, transportation and warehousing, machinery, and transportation equipment are rising, while medical precision, distribution, and textiles/apparel sectors are declining.
Among the top market capitalization stocks, Hyundai Motor, Hyundai Mobis, NCSOFT, LG Chem, and LG Household & Health Care are rising. Conversely, Samsung Biologics, Celltrion, and Samsung C&T are falling.
Currently, in the KOSPI market, 500 stocks are rising, including two that have hit the upper price limit, while 287 stocks are falling with no stocks hitting the lower price limit. 108 stocks are unchanged.
The KOSDAQ index also continued its recent upward trend as individual investors bought shares. The KOSDAQ opened at 858.30, up 4.18 points (0.49%) from the previous day, and as of 9:17 a.m., it was at 858.90, up 4.78 points (0.56%).
Regarding current supply and demand, similar to the KOSPI market, individual investors are leading with net buying of 39.4 billion KRW, while foreign and institutional investors are net sellers with 18.0 billion KRW and 15.9 billion KRW respectively.
By sector, internet, chemicals, and digital content are rising, while broadcasting services, medical/precision instruments, and other manufacturing sectors are declining.
Among the top market capitalization stocks, Solbrain, EcoPro BM, Alteogen, and Genexine are rising. On the other hand, Seegene, CJ ENM, Lino Industrial, and SK Materials are falling.
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