Early Rally: KOSPI Rises on Individual Investors' Net Buying Momentum

[Asia Economy Reporter Minji Lee] The KOSPI is showing an upward trend in the early trading session.

At 9:07 a.m., the KOSPI stood at 3,154.80, up 0.37% (11.54 points) from the previous trading day. The index opened at 3,147.51, up 0.10% (3.25 points) from the previous day, and has maintained its upward momentum. By investor type, individual investors bought stocks worth 15.2 billion KRW alone in the early session, while foreigners and institutions sold stocks worth 2.4 billion KRW and 12.3 billion KRW, respectively.

Looking at the top market capitalization stocks, Samsung Electronics traded at 84,500 KRW, down 0.24% from the previous day. NAVER (0.79%), LG Chem (0.25%), Samsung Biologics (0.39%), Kakao (1.46%), Samsung SDI (1.98%), and Celltrion (0.48%) all rose.

At the same time, the KOSDAQ index stood at 987.52, up 0.56% (5.50 points) from the previous trading day. The KOSDAQ opened at 983.40, up 0.14% (1.38 points) from the previous day, and continued its upward trend. Regarding investor trading trends, individual investors bought stocks worth 24 billion KRW, while foreigners and institutions sold stocks worth 12.6 billion KRW and 9.3 billion KRW, respectively.

Among the top market capitalization stocks, Celltrion Healthcare (0.39%), Celltrion Pharm (0.49%), Seegene (1.92%), Pearl Abyss (0.09%), HL Biopharma (0.56%), and Kakao Games (0.73%) rose.

Seosangyoung, a researcher at Mirae Asset Securities, explained, “Considering the rise in international oil prices and the weakening of the dollar, which have spread risk asset preference sentiment, the improvement in foreign investor demand is expected to continue.”