[Asia Economy Reporter Oh Ju-yeon] On the 14th, the domestic stock market, which was expected to experience increased volatility due to options expiration day, closed with a slight rise in both the KOSPI and KOSDAQ indices.
On this day, the KOSPI closed up 0.05% at 3,149.93 compared to the previous trading day. Although it fell to 3,128.72, down 0.62% during the session, the KOSPI later reduced its losses and fluctuated near the 3,150 level.
Among the top market capitalization stocks, Samsung Electronics closed at 89,700 KRW, the same as the previous day's closing price, while SK Hynix (-1.88%), Samsung Biologics (-1.69%), and Hyundai Motor (-3.28%) declined. LG Chem (1.00%), NAVER (1.27%), Kia Motors (2.22%), and Samsung C&T (4.45%) closed higher.
By investor type, individuals continued net buying with purchases worth 718.9 billion KRW, and foreigners also net bought 668.5 billion KRW, lifting the index. In contrast, institutions sold off 1.4302 trillion KRW.
The KOSDAQ index closed at 980.29, up 0.12% from the previous trading day.
Among the top market cap stocks, Celltrion Healthcare (-8.19%) and Celltrion Pharm (-9.84%) saw the largest declines, and Pearl Abyss and Kakao Games also closed lower.
On the other hand, HL Biopharma (0.43%), Seegene (2.51%), and Alteogen (0.26%) rose.
By investor type, individuals and foreigners net bought 90 billion KRW and 52.4 billion KRW respectively, while institutions net sold 96.9 billion KRW.
Lee Kyung-min, a researcher at Daishin Securities, said, "It is important to see whether the 3,140 level can be maintained for the time being," adding, "Since the KOSPI's sharp rise began in November, the KOSPI has not fallen below the 5-day moving average for more than two consecutive trading days." He continued, "Even during the mid-December short-term sharp rebound and subsequent adjustment phase, the index fluctuated around the 5-day moving average," and warned, "Given the expanded divergence from the mid- to long-term moving averages, caution is needed for the possibility of increased short-term volatility if the index falls below the 5-day moving average."
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