Early Session KOSPI and KOSDAQ Trade in Narrow Range

Selling at Foreign Exchange Market

[Asia Economy Reporter Minwoo Lee] Both the KOSPI and KOSDAQ remained near flat in the early trading session.

On the 28th, the KOSPI opened at 3,023.17, down 0.08% (2.32 points) from the previous day. It then slightly rebounded to 3,029.25 as of 9:27 a.m.

Foreign investors were net sellers with 60.3 billion KRW, while individual and institutional investors were net buyers with 39.2 billion KRW and 18.9 billion KRW, respectively.

More sectors rose than fell. The top gainers were non-metallic minerals (1.40%), transportation equipment (0.83%), medical precision instruments (0.75%), and pharmaceuticals (0.52%). Steel & metals (-0.81%), insurance (-0.72%), and distribution (-0.40%) declined.

Most of the top 10 sectors by market capitalization also showed gains. LG Chem led with a 2.55% increase, followed by Kia (2.35%), SK Hynix (1.48%), Samsung SDI (0.93%), NAVER (0.84%), Kakao (0.78%), and Samsung Biologics (0.45%). Hyundai Motor and Samsung Electronics remained flat. Celltrion fell by -0.23%.

The KOSDAQ opened at 1,008.93, down 0.00% (0.02 points) from the previous day. It then slightly rebounded to 1,009.76 as of 9:27 a.m.

Foreign and institutional investors were net sellers with 52.7 billion KRW and 17.2 billion KRW, respectively. Meanwhile, individual investors bought 74.2 billion KRW.

Again, more sectors rose than fell. The top gainers were non-metallic minerals (2.37%), food & tobacco (1.13%), computer services (0.65%), and telecommunications equipment (0.62%). Paper & wood (-0.66%), transportation (-0.44%), and finance (-0.09%) declined.

Most of the top 10 stocks by market capitalization were down. EcoPro BM (-0.94%), Wemade (-0.83%), Pearl Abyss (-0.70%), SK Materials (-0.61%), and Kakao Games (-0.25%) declined. CJ ENM (0.94%), Celltrion Pharm (0.41%), Celltrion Healthcare (0.34%), and L&F (0.32%) rose.