KOSPI Starts Higher but Turns Lower Early in Session
KOSDAQ Hits New Yearly High Led by Individual Investors' Rally
[Asia Economy Reporter Gong Byung-sun] The KOSPI, which started higher, is showing mixed trends in the early session. The KOSDAQ briefly rose to the 1060 level, setting a new annual high.
On the 26th, the KOSPI opened at 3,265.99, up 0.36% (11.57 points) from the previous trading day. It then fell to 1,055.30 at 9:21 AM, turning negative.
Individual investors are showing strong buying momentum. On this day, individuals net purchased 147.7 billion KRW. Foreigners and institutions net sold 75.7 billion KRW and 73.6 billion KRW, respectively.
Many sector indices showed weakness. The chemical sector had the largest decline at 0.77%. This was followed by machinery (-0.71%), non-metallic minerals (-0.62%), textiles and apparel (-0.54%), and insurance (-0.41%). On the upside, medical precision (2.86%), services (0.68%), pharmaceuticals (0.48%), banking (0.46%), and transportation and warehousing (0.38%) rose.
Among the top 10 market capitalization stocks, many declined. LG Chem had the largest drop at 1.21%. This was followed by Celltrion (-0.74%), Kia (-0.46%), Samsung Electronics (-0.25%), Hyundai Motor (-0.22%), and Samsung SDI (-0.13%). On the other hand, Samsung Biologics (1.46%), NAVER (1.33%), SK Hynix (0.42%), and Kakao (0.33%) rose.
The KOSDAQ opened at 1,059.91, up 0.42% (4.41 points) from the previous trading day. It reached 1,060.21 in the morning, setting a new annual high.
Individual buying led to the index rise. Individuals purchased 109.6 billion KRW. Foreigners and institutions sold 89.7 billion KRW and 13.5 billion KRW, respectively.
Sector indices were mixed. Publishing and media duplication rose the most at 2.65%, followed by internet (1.11%), textiles and apparel (0.92%), digital content (0.79%), and software (0.76%). Computer services (-1.09%), metals (-0.84%), construction (-0.74%), information devices (-0.70%), and telecommunications services (-0.53%) declined.
The top 10 market capitalization stocks showed mixed results. SK Materials had the largest decline at 2.12%, followed by Celltrion Pharm (-1.01%), Alteogen (-0.70%), Celltrion Healthcare (-0.60%), and Pearl Abyss (-0.50%). EcoPro BM (1.95%), Kakao Games (1.69%), and CJ ENM (0.75%) rose. Seegene and HLB remained flat.
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