KOSPI Sideways Steps... Consolidating Just Below 3100

KOSDAQ Also Hovering Around the 960 Level

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[Asia Economy Reporter Minwoo Lee] The KOSPI continues to struggle to surpass the 3100 mark.

As of 1:58 PM on the 5th, the KOSPI recorded 3094.64, up 0.23% (7.09 points) from the previous day. After a firm start at 3098.49, it briefly rose above the 3100 level early in the session but soon lost momentum and fell back into the 3000 range. Around 10:10 AM, it even dropped to 3081.78.

Foreigners and individual investors were net buyers of 16.7 billion KRW and 97.2 billion KRW, respectively. In contrast, institutions sold off 91.9 billion KRW worth of shares.

However, most sectors were still on the rise. The telecommunications sector showed the largest gain at 2.52%. This was followed by medical precision (1.66%), textiles and apparel (1.56%), banking (1.31%), and machinery (0.97%). Construction (-1.32%) and paper and wood (-1.30%) sectors declined.

Among the top 10 companies by market capitalization, most saw gains. LG Chem rose the most at 2.8%, followed by Samsung SDI (2.6%), Celltrion (2.3%), and Kia Motors (1.0%). Meanwhile, Kakao (-0.6%), Hyundai Motor (-0.4%), and Samsung Biologics (-0.3%) declined.

The KOSDAQ also failed to rebound significantly. At the same time, it showed 964.96, down 0.04% from the previous day. After a firm start, it briefly climbed to 970.60 at 9:02 AM but soon began to fall. Around 10:06 AM, it dropped to 961.26, down 0.34% from the previous day.

In the KOSDAQ market, individual investors stood out as net buyers alone, purchasing a total of 192.8 billion KRW. Conversely, foreigners and institutions were net sellers of 78 billion KRW and 100 billion KRW, respectively.

There were somewhat more declining sectors. Broadcasting services had the largest drop at -3.86%, followed by telecommunications and broadcasting services (-3.25%), publishing and media replication (-1.70%), paper and wood (-1.40%), and non-metallic minerals (-1.29%). Digital content (2.48%), metals (2.17%), and distribution (1.26%) sectors rose.

Among the top market cap stocks, Pearl Abyss showed a notable rise of 9.9%, followed by Celltrion Pharm (4.5%), Alteogen (3.1%), Seegene (2.1%), and Kakao Games (2.1%). On the other hand, CJ ENM (-7.0%), HLB (-0.9%), and SK Materials (-0.6%) declined.