Most Top Market Cap Stocks in KOSPI Show Strength
Foreigners and Institutions Both Net Buyers
[Asia Economy Reporter Minwoo Lee] The KOSPI, which started slightly higher, surpassed the 3240 level. Large-cap stocks in the semiconductor and automobile sectors, such as Samsung Electronics and Hyundai Motor, appear to be leading the index's upward trend.
On the 3rd, the KOSPI opened at 3,224.96, up 0.02% (0.73 points) from the previous day. By 9:27 a.m., it had extended its gains to 3,240.30.
The buying momentum from foreigners and institutions seems to have driven the index higher. They showed net purchases of 19.7 billion KRW and 65.7 billion KRW, respectively. Individuals were net sellers, offloading 87.9 billion KRW worth of shares.
Many sectors showed gains. The electrical and electronics sector had the largest increase at 1.39%. This was followed by precision medical (1.00%), construction (0.90%), and banking (0.85%). Steel and metals (-1.59%), transportation and warehousing (-0.59%), and insurance (-0.54%) declined.
Most of the top 10 stocks by market capitalization rose. Samsung Electronics led with a 1.98% increase. Following were SK Hynix (1.59%), Kakao (0.79%), Kia (0.70%), NAVER (0.28%), Hyundai Motor (0.21%), Samsung SDI (0.16%), and LG Chem (0.12%). Only Celltrion (-0.38%) and Samsung Biologics (-0.24%) fell.
The KOSDAQ showed a similar trend. It opened at 981.52, up 0.04% (0.42 points) from the previous day, and recorded 984.11 by 9:27 a.m.
In the KOSDAQ market, individuals were the sole net buyers with 44.8 billion KRW in purchases. Foreigners and institutions were net sellers of 27.2 billion KRW and 15.7 billion KRW, respectively.
Again, many sectors showed gains. The telecommunications equipment sector had the largest increase at 2.73%, followed by IT hardware (0.97%), construction (-0.81%), semiconductors (0.78%), and general electrical and electronics (0.71%). Paper and wood (-0.82%) and other manufacturing (-0.21%) declined.
Among the top 10 stocks by market capitalization, Kakao Games had the largest gain at 3.75%. This was followed by SK Materials (0.44%), Alteogen (0.28%), and CJ ENM (0.18%). Pearl Abyss (-2.20%), Seegene (-1.24%), HLB (-0.74%), Celltrion Pharm (-0.59%), Celltrion Healthcare (-0.26%), and EcoPro BM (-0.06%) declined.
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