KOSPI Slightly Rises Near '3020 Level'... KOSDAQ Falls Below '1000 Level'

[Image source=Yonhap News]

[Asia Economy Reporter Park Jihwan] On the 21st, the KOSPI showed a slight upward trend, approaching the '3020 level' in the early session. The KOSDAQ, which started higher, reversed to a decline during the session and fell below the '1000 level.'

As of 9:20 AM, the KOSPI was at 3018.36, up 0.17% (5.23 points) from the previous trading day. The index opened at 3012.28, down 0.03% (0.85 points) from the previous day.

By investor type, individuals and foreigners led the index with net purchases of 900 million KRW and 27.2 billion KRW respectively. Institutions had a net sale of 26 billion KRW.

Among the top 10 market capitalization stocks, performance was mixed. Samsung Electronics rose 0.14% to 70,400 KRW compared to the previous day. Others such as Kakao (1.17%), NAVER (0.37%), Hyundai Motor (0.24%), and Kia (1.43%) also increased. SK Hynix (-0.61%), LG Chem (-3.10%), and Samsung Biologics (-0.57%) declined.

The KOSDAQ closed at 999.72, down 0.19% (1.90 points) from the previous day. It opened at 1003.48, up 0.19% (1.86 points) from the previous day.

On the KOSDAQ, individuals were the sole net buyers with 110.6 billion KRW. Foreigners and institutions had net sales of 75.5 billion KRW and 22.4 billion KRW respectively.

Among the top 10 market cap stocks, Wemade had the largest gain of 3.38%. This was followed by HLB (0.31%) and Celltrion Pharm (0.08%) showing upward trends. Ecopro BM (-4.86%), L&F (-3.46%), and Kakao Games (-0.28%) declined.

Han Ji-young, a researcher at Kiwoom Securities, said, "The domestic stock market is expected to show an upward trend influenced by positive momentum from the U.S. If the October export results announced during the session show better-than-expected performance, the upward momentum could improve."