KOSPI Starts Higher
Samsung Electronics, NAVER Show Strong Uptrend
On the 15th, at the Hana Bank dealing room in Jung-gu, Seoul, employees were working as the KOSPI opened at 3,108.70, up 8.12 points (0.26%) from the previous trading day. The KOSDAQ opened at 965.83, up 1.52 points (0.16%) from the previous trading day. The won-dollar exchange rate started at 1,105.0 won, down 2.0 won from the previous trading day. Photo by Hyunmin Kim kimhyun81@
[Asia Economy Reporter Junho Hwang] Samsung Electronics surpassed 85,000 KRW after the market opened on the 16th. This follows the continued upward trend fueled by foreign investors' net purchases of 288.3 billion KRW the previous day. The KOSPI also started higher in line with Samsung Electronics' rise.
On this day, the KOSPI opened at 3,151.85, up 4.85 points, supported by Samsung Electronics' upward momentum. This marks a 0.15% increase compared to the previous closing price. As of 9:26 AM, it is at 3,176.03. Individual investors recorded net purchases of 65.2 billion KRW, and foreign investors net bought 72.5 billion KRW, gradually increasing their holdings. Institutions are net selling 137.1 billion KRW.
By industry, the paper and wood sector is showing a rise of over 3% compared to the previous day. Service, food and beverage, telecommunications, electrical and electronics, steel and metals, and insurance sectors are also showing gains of less than 1%.
As of 9:26 AM, Samsung Electronics is trading at 85,800 KRW, up over 1% from the previous closing price, continuing its upward trajectory. Foreign buying appears to be ongoing.
Among the top market capitalization stocks, besides Samsung Electronics, NAVER rose 4.41%. It reached a new high, surpassing 400,000 KRW per share. SK Hynix, Hyundai Motor, and Kia Motors also showed gains in the 1% range.
The KOSDAQ also opened at 982.81, up 0.84 points (0.09%). As of 9:26 AM, it is at 986.44, up 4.47 points.
Telecommunications equipment, semiconductors, and paper/wood sectors are rising over 2%, while IT, telecommunication services, chemicals, broadcasting, non-metallic minerals, software, and finance sectors are showing gains around 1%.
Among the top market capitalization stocks, Pearl Abyss is up over 2%, and EcoPro BM is up about 1%. Celltrion Healthcare, Celltrion Pharm, Seegene, Kakao Games, and Alteogen are showing slight declines.
The USD-KRW exchange rate started at 1,102 KRW, up 0.05% from the previous close, but weakened below the 1,100 KRW level as time passed.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
