KOSPI Taking a Break, Closing with a Strong Slight Gain at the End

KOSDAQ Continues Strong Slightly Bullish Trend

[Image source=Yonhap News]

[Asia Economy Reporter Minwoo Lee] The KOSPI, which started slightly weak, turned to a slight gain and maintained the 2540 level.

On the 19th, the KOSPI closed at 2547.42, up 0.07% (1.78 points) from the previous day. After opening at 2536.89, down 0.34% from the previous trading day, the market showed a slightly weak trend until the afternoon but began to rebound as the close approached.

By investor type, foreigners and individuals net bought 104.7 billion KRW and 203.7 billion KRW respectively. Meanwhile, institutions net sold 301.5 billion KRW.

The number of rising and falling sectors was similar. The machinery sector had the largest gain at 3.54%. This was followed by insurance (2.05%), paper & wood (0.97%), pharmaceuticals (0.90%), and medical precision (0.56%). The sector with the largest decline was transportation & warehousing, down 1.75%. This was followed by electric & gas utilities (-1.58%), construction (-1.09%), and steel & metals (-0.79%).

Among the top 10 market capitalization stocks, more stocks rose. Samsung SDI had the largest gain at 3.3%. This was followed by LG Chem (1.6%), Celltrion (1.0%), Hyundai Motor (0.2%), and SK Hynix (0.2%). On the other hand, Samsung Biologics (-0.4%), Samsung Electronics (-0.3%), LG Household & Health Care (-0.3%), and NAVER (-0.1%) declined. Kakao remained flat.

The KOSDAQ continued its strong slight gain seen in the early session and closed up. It ended the day at 859.94, up 0.96% (8.20 points) from the previous day. Although it dropped to 849.72 around 11:35 AM, it steadily recovered afterward.

Trading trends were similar to those in the KOSPI market. Foreigners and individuals net bought 13.1 billion KRW and 75.9 billion KRW respectively. Institutions sold 58.4 billion KRW.

More sectors rose relatively. The software sector had the largest gain at 3.30%. This was followed by semiconductors (2.18%), general electric & electronics (1.87%), other services (1.76%), and other manufacturing (1.74%). Publishing & media duplication (-0.64%), textiles & apparel (-0.62%), and broadcasting services (-0.61%) declined.

Many of the top 10 market capitalization stocks rose. Genexine surged by as much as 13.1%. This was followed by EcoPro BM (3.8%), Celltrion Pharm (2.5%), Celltrion Healthcare (1.7%), Seegene (0.2%), and HLB (0.1%). On the other hand, Pearl Abyss, CJ ENM, and Kakao Games all fell by -0.6%. Alteogen also dropped by -0.3%.