KOSPI Shows Mixed Trends... Celltrion Trio Racing Ahead

Continuing the Uptrend of KOSDAQ

[Image source=Yonhap News]

[Asia Economy Reporter Gong Byung-sun] The KOSPI is showing mixed trends as individuals are buying while foreigners and institutions are selling. Stocks related to Celltrion are showing strong performance with gains in the double digits.

As of 1:30 PM on the 14th, the KOSPI recorded 3,249.77, up 0.01% (0.45 points) from the previous trading day. The KOSPI started higher but has been fluctuating, turning downward at 9:22 AM and repeating ups and downs.

Individual buying pressure led to the index's rise. Individuals net purchased 365.3 billion KRW. Foreigners and institutions net sold 68.7 billion KRW and 294.9 billion KRW, respectively.

Many sectors showed weakness. The banking sector had the largest decline at 0.92%. This was followed by financials (-0.88%), securities (-0.83%), steel and metals (-0.64%), and transportation equipment (-0.62%). Meanwhile, paper and wood (3.11%), services (2.12%), pharmaceuticals (1.66%), electric and gas utilities (1.51%), and non-metallic minerals (1.21%) rose.

The top 10 stocks by market capitalization showed mixed results. Celltrion had the largest gain at 5.08%. This was followed by Kakao (4.06%), NAVER (4.03%), Samsung Biologics (0.47%), and Samsung SDI (0.16%). LG Chem (-2.59%), Kia (-1.78%), SK Hynix (-0.78%), Samsung Electronics (-0.37%), and Hyundai Motor (-0.21%) declined.

The KOSDAQ recorded 997.18, up 0.61% (6.05 points) from the previous trading day at the same time. It even rose to 998.85 at 11:59 AM.

Buying pressure from individuals and institutions is strong. Individuals and institutions purchased 26.4 billion KRW and 14.7 billion KRW, respectively. Foreigners net sold 35.8 billion KRW.

Most sectors rose. The retail sector had the largest gain at 2.88%, followed by pharmaceuticals (1.78%), digital content (1.32%), paper and wood (1.03%), and metals (0.95%). Broadcasting services (-1.30%), telecommunications and broadcasting services (-0.84%), construction (-0.59%), machinery and equipment (-0.49%), and finance (-0.45%) declined.

All of the top 10 stocks by market capitalization except CJ ENM rose. Celltrion Pharm had the largest gain at 11.31%, followed by Seegene (4.97%), Celltrion Healthcare (4.34%), Pearl Abyss (3.88%), Alteogen (3.32%), Kakao Games (2.30%), HLB (0.75%), SK Materials (0.47%), and EcoPro BM (0.26%). CJ ENM fell 1.90%.