KOSPI Steadily Advances Despite Foreign Selling... Surpasses 2780 Intraday

KOSDAQ Also on the Rise... Approaching 930 Level

On the morning of the 11th, an employee is working in the dealing room at the Hana Bank headquarters in Jung-gu, Seoul. [Image source=Yonhap News]

[Asia Economy Reporter Minwoo Lee] The KOSPI is cruising smoothly after safely passing the 'Four Witching Days,' when the expiration dates of index and individual stock futures and options coincide. It even surpassed the 2780 mark during the session, setting a new all-time high.

As of 1:23 PM on the 11th, the KOSPI recorded 2772.46, up 0.95% from the previous day. Around 9:46 AM, it rose to an intraday high of 2781.04. Later, at 11:07 AM, it again surpassed the 2780 level, recording 2780.82.

Buying pressure from institutions and individuals led the index's rise, with net purchases of 161.3 billion KRW and 8.9 billion KRW respectively. Conversely, foreigners were net sellers, offloading 169.5 billion KRW.

Almost all sectors showed gains. The insurance sector led with a 3.15% increase, followed by distribution (3.00%), telecommunications (2.85%), finance (2.28%), and steel & metals (2.12%). Only non-metallic minerals (-0.90%) and medical precision (-0.75%) sectors declined.

Among the top 10 market capitalization stocks, most rose. Celltrion led with a 1.2% gain, followed by NAVER (1.0%), Kakao (1.0%), Samsung Electronics (0.5%), and Samsung Biologics (0.1%). Samsung SDI (-1.2%), SK Hynix (-0.8%), LG Chem (-0.7%), and Kia Motors (-0.1%) fell. Hyundai Motor remained flat.

At the same time, the KOSDAQ also continued its upward trend, rising 0.62% to 927.46 compared to the previous trading day.

Individual investors showed prominent buying activity, net purchasing 166.2 billion KRW, while foreigners and institutions were net sellers of 48.4 billion KRW and 115.9 billion KRW respectively.

Most sectors also rose here. The broadcasting services sector stood out with a 3.35% increase, followed by telecommunications & broadcasting services (2.44%), transportation (1.64%), and distribution (1.59%). Publishing & media replication (-3.03%), other manufacturing (-1.01%), and telecommunications services (-0.82%) declined.

Most of the top market cap stocks showed gains. Seegene led with a 2.9% rise, followed by Celltrion Healthcare (1.8%), Alteogen (1.7%), and Kakao Games (0.7%). Meanwhile, Genexine (-3.3%), EcoPro BM (-1.5%), and Celltrion Pharm (-0.7%) fell. KMV remained flat.