KOSPI Starts Up at 2648.05 on Net Buying by Individuals

[Asia Economy Reporter Minji Lee] The KOSPI is showing an upward trend due to individual buying momentum.

At 9:04 a.m. on the 30th, the KOSPI recorded 2641.57, up 0.27% (8.12 points) from the previous session. On this day, the KOSPI opened at 2648.05, up 0.55% (14.60 points) from the previous trading day.

Among the top market capitalization stocks, SK Hynix (0.10%), Samsung Biologics (1%), Celltrion (3.89%), and Hyundai Motor (1.93%) showed gains. On the other hand, LG Chem (-1.11%), Samsung SDI (-0.73%), and Kakao (-0.94%) declined.

The KOSDAQ index is currently at 890.26, up 0.53% (4.70 points) from the previous session. The KOSDAQ index opened at 890.65, up 0.57% (5.09 points) from the previous trading day. Currently, foreigners and institutions have net sold stocks worth 40.9 billion KRW and 14.3 billion KRW respectively in the KOSDAQ market. Individuals alone purchased stocks worth 56.8 billion KRW.

In the KOSDAQ market, Celltrion Healthcare (4.44%), Seegene (1.04%), HL Biopharma (0.76%), Genexine (2.56%), and KMW (2.56%) rose.

Seonghoon Seo, a researcher at Samsung Securities, said, “Since the index has shown an upward trend in a short period, the possibility of a pause is higher than ever. However, considering the solid supply and demand from foreigners and individuals, the decline will be limited even during market fluctuations.”