KOSPI Hits Record High for Three Consecutive Days... Approaching 2700 Level

[Image source=Yonhap News]

[Asia Economy Reporter Koo Eun-mo] The KOSPI index hit a new all-time high for the third consecutive day, approaching the 2700 mark. The KOSDAQ index also rose for six consecutive trading days, recovering the 900 level.

On the 3rd, the KOSPI closed at 2696.22, up 20.32 points (0.76%) from the previous day. The KOSPI started the day higher, showed mixed trends in the early session, but steadily maintained a firm tone throughout the day, moving around the 2690 level. Later in the session, the gains widened somewhat, closing at a record high.

Looking at trading trends by participant, foreign investors and individual investors led the index rise with net purchases of 212.5 billion KRW and 179.5 billion KRW, respectively. Meanwhile, institutional investors sold off 388.2 billion KRW, realizing profits.

By sector, transportation equipment (4.35%), electric and gas utilities (2.13%), and non-metallic minerals (1.92%) rose, while paper and wood (-1.01%), telecommunications (-0.24%), and distribution (-0.05%) declined.

Most of the top market capitalization stocks rose. Hyundai Motor (7.67%) and Kia Motors (6.41%) surged more than 5%, while SK Hynix (2.29%), Hyundai Mobis (2.08%), Samsung Biologics (1.90%), NAVER (1.23%), and Celltrion (1.15%) also increased. On the other hand, LG Household & Health Care (-0.91%) fell.

In the KOSPI market that day, 369 stocks rose, including one that hit the upper price limit, while 469 stocks fell with no stocks hitting the lower price limit. 68 stocks remained unchanged.

The KOSDAQ index also rose for six consecutive trading days, recovering the 900 level. The KOSDAQ started higher and maintained a steady firm tone throughout the day. Like the KOSPI, it widened gains toward the end of the session, closing at 907.61, up 8.27 points (0.92%) from the previous day.

By trading participant, individual investors net bought 134.4 billion KRW. In contrast, institutional and foreign investors net sold 61.3 billion KRW and 27.3 billion KRW, respectively.

By sector, publishing and media replication (5.78%), entertainment and culture (4.93%), and telecommunications services (3.03%) rose, while other manufacturing (-0.96%), paper and wood (-0.89%), and food and tobacco (-0.87%) declined.

Among the top market capitalization stocks, Celltrion Pharm (15.61%) and Pearl Abyss (14.11%) recorded double-digit returns, while Genexine (7.14%), Studio Dragon (5.11%), and Celltrion Healthcare (4.22%) also rose significantly. Conversely, Hugel (-1.53%), KMW (-1.09%), and EcoPro BM (-0.72%) declined.

In the KOSDAQ market that day, 538 stocks rose, including five that hit the upper price limit, while 756 stocks fell with no stocks hitting the lower price limit. 91 stocks remained unchanged.