KOSPI Taking a Breather... Starting Slightly Lower

KOSDAQ Shows Strength... Approaching 880 Level

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[Asia Economy Reporter Minwoo Lee] On the 27th, the KOSPI opened in the low 2620s, showing a slight decline. It appears to have paused its continuous high-rise trend to catch its breath.

On this day, the KOSPI opened at 2624.80, down 0.04% (1.11 points) from the previous day. By 9:27 AM, it recorded 2627.56, up 0.06% from the previous day, turning to a slight gain.

By investor type, foreigners and individuals each net bought stocks worth 26.3 billion KRW and 60.7 billion KRW, respectively. Conversely, institutions net sold stocks worth 88.4 billion KRW.

The ratio of rising and falling sectors is similar. The machinery sector had the largest decline at -0.97%. This was followed by banks (-0.64%), securities (-0.54%), finance (-0.47%), and textiles and apparel (-0.41%). On the other hand, telecommunications (1.84%), paper and wood (1.55%), non-metallic minerals (0.97%), and electric and gas utilities (0.52%) rose.

Most of the top 10 market capitalization stocks also showed a downward trend. LG Chem had the largest drop at -1.3%. This was followed by Samsung SDI (-1.2%), NAVER (-0.8%), SK Hynix (-0.4%), LG Household & Health Care (-0.3%), and Kakao (-0.2%). Meanwhile, Celltrion (1.0%), Hyundai Motor (0.5%), Samsung Biologics (0.3%), and Samsung Electronics (0.1%) rose.

Meanwhile, the KOSDAQ showed somewhat of a lively trend. It opened at 876.37, up 0.21% (1.84 points) from the previous session, and continued to widen its gains. As of 9:27 AM, it stood at 879.49, further increasing its rise.

Only individuals showed net buying, purchasing stocks worth 63.8 billion KRW. Foreigners and institutions net sold stocks worth 31.4 billion KRW and 31.7 billion KRW, respectively.

Most sectors are on the rise. The retail sector had the largest gain at 3.08%, followed by paper and wood (1.81%), information devices (1.28%), and telecommunication services (0.79%). Conversely, transportation equipment and parts (-0.45%), software (-0.37%), and telecommunication equipment (-0.28%) declined.

Among the top market capitalization stocks, more stocks declined. HL Biotech had the largest drop at -1.7%, followed by Alteogen (-0.8%), KMW (-0.7%), and CJ ENM (-0.2%). Meanwhile, Celltrion Healthcare (5.1%), Seegene (3.6%), and Genexine (1.4%) rose.