KOSPI Continues Uptrend at '3170 Level'...Individual Investors Sole Net Buyers

[Image source=Yonhap News]

[Asia Economy Reporter Ji-hwan Park] On the 22nd, after a decline of over 1.5% the previous day, the KOSPI started higher and maintained its upward trend into the afternoon.

As of 2:24 PM, the KOSPI stood at 3,176.12, up 4.46 points (0.14%) from the previous day. The index opened at 3,174.52, up 0.09% (2.86 points) from the previous trading day. It briefly rose to the 3,190 level in the morning, raising expectations of reaching the previous high recorded on the 20th, but the gains narrowed and it fell back to the 3,170 level.

By investor type, individual investors led the index with net purchases of 294.6 billion KRW. In contrast, foreign investors and institutions sold net amounts of 102.6 billion KRW and 222.9 billion KRW, respectively.

Among the top 10 stocks by market capitalization, LG Chem (0.58%), SK Hynix (0.75%), and Hyundai Motor (1.33%) rose. Samsung Biologics (-3.12%), Kakao (-0.42%), and Celltrion (-0.69%) declined.

At the same time, the KOSDAQ was trading at 1,023.95, up 1.73 points (0.17%) from the previous day. The index opened at 1,023.65, up 0.14% (1.43 points) from the previous trading day.

Individuals and institutions showed net buying of 22.9 billion KRW and 3 billion KRW, respectively. Foreign investors sold a net 11.9 billion KRW.

Among the top 10 stocks by market capitalization, Alteogen (5.49%), EcoPro BM (1.27%), HLB (0.44%), and Kakao Games (0.53%) rose. Meanwhile, Seegene (-4.27%), Pearl Abyss (-3.91%), Celltrion Pharm (-0.88%), and Celltrion Healthcare (-1.27%) declined.