KOSPI and KOSDAQ Indices Start with 1% Range Gains

[Asia Economy Reporter Minji Lee] The KOSPI and KOSDAQ indices started with gains of over 1% as rebound buying flows entered the market.

At 9:10 a.m. on the 25th, the KOSPI was trading at 2,287.56, up 0.65% (14.86 points) from the previous session. The KOSPI opened at 2,295.16, up 0.99% (22.49 points) from the previous session.

By investor type, individual and institutional investors showed strong buying. Individuals have currently purchased stocks worth 14.3 billion KRW, and institutions also net bought 2.4 billion KRW. Foreigners alone sold stocks worth 15.3 billion KRW in the market.

Most of the top market capitalization stocks in the KOSPI market are showing upward trends. Samsung Electronics recorded 58,000 KRW, up 0.35% from the previous session. SK Hynix (0.35%), Naver (0.17%), Samsung Biologics (1.34%), LG Chem (1.15%), Hyundai Motor (0.87%), and Celltrion (3%) also rose.

At the same time, the KOSDAQ index was at 819.11, up 1.51% (12.16 points) from the previous session. The KOSDAQ opened at 817.95, up 1.36% (11 points) from the previous session.

By investor type, only individuals are maintaining net buying. Individuals purchased stocks worth 33.6 billion KRW, while institutions and foreigners net sold stocks worth 17.4 billion KRW and 12.9 billion KRW, respectively.

Most of the top market capitalization stocks in the KOSDAQ market are also maintaining upward trends. Celltrion Healthcare recorded 87,500 KRW, up 2.70% from the previous session. Seegene (0.82%), HL Biopharma (2.11%), Alteogen (3.64%), and Kakao Games (1.95%) are also maintaining gains.

Sangyoung Seo, a researcher at Kiwoom Securities, explained, “As rebound buying entered following the decline in the U.S. stock market overnight, the domestic stock market appears to have been positively influenced,” adding, “Considering that the KOSPI and KOSDAQ indices have fallen about 6% and 9%, respectively, since the beginning of this week, expectations for rebound buying inflows are high.”