KOSPI Starts Slightly Firm... Approaching 3150

KOSDAQ Also Rises to 1033 Level

On the morning of the 14th, the KOSPI index started the session with a slight upward trend, displayed on the screen in the dealing room of Hana Bank in Jung-gu, Seoul. [Image source=Yonhap News]

[Asia Economy Reporter Minwoo Lee] The KOSPI is showing a firm upward trend in the early session, approaching the 3150 level.

On the 14th, the KOSPI opened at 3137.32, up 0.30% (9.46 points) from the previous day. It then expanded its gains, reaching 3148.19 as of 9:28 AM.

Foreign investors and institutions net bought 88.5 billion KRW and 187.6 billion KRW respectively, while individual investors net sold 263.8 billion KRW.

Most sectors are showing gains. The banking sector had the largest increase at 2.54%, followed by transportation equipment (1.89%), transportation and warehousing (1.85%), medical precision instruments (1.58%), and machinery (1.33%). Non-metallic minerals (-1.05%), steel and metals (-0.91%), and textiles and apparel (-0.84%) declined.

Most of the top 10 market capitalization stocks are also rising. Hyundai Motor showed the largest gain at 2.44%, followed by Kia (1.57%), Samsung SDI (1.48%), Samsung Electronics (1.05%), SK Hynix (0.94%), Celltrion (0.57%), and Samsung Biologics (0.44%). Kakao (-3.21%), NAVER (-2.45%), and LG Chem (-1.20%) fell.

The KOSDAQ also opened higher at 1029.57, up 0.31% (3.23 points) from the previous day. It continued its upward trend, reaching 1033.15 as of 9:28 AM.

In the KOSDAQ market, foreign investors and individuals net bought 6 billion KRW and 21.6 billion KRW respectively, while institutions net sold 24.3 billion KRW.

Almost all sectors are on the rise. Textiles and apparel (1.44%), general electric and electronics (1.44%), publishing and media reproduction (1.09%), entertainment and culture (1.02%), and finance (1.01%) showed the largest gains. Paper and wood (-1.11%), transportation (-0.62%), and IT components (-0.47%) declined.

Most of the top 10 market capitalization stocks are also rising. EcoPro BM led with a 2.68% increase, followed by Alteogen (2.61%), Seegene (2.06%), Kakao Games (0.56%), Celltrion Healthcare (0.45%), Celltrion Pharm (0.40%), Pearl Abyss (0.25%), and SK Materials (0.27%). L&F (-2.67%) and HLB (-1.38%) fell.