[Asia Economy Reporter Kwon Jaehee] The KOSPI and KOSDAQ indices showed a strong rebound on the 24th, buoyed by the previous day's gains in the three major U.S. indices and an influx of bargain buying.
As of 10:37 a.m. that day, the KOSPI index was trading at 2,363.25, up 2.11% (48.93 points) from the previous trading day. The KOSPI opened at 2,327.11, up 0.55% (12.79 points) from the previous day, and gradually widened its gains.
By investor type, foreigners and institutions are driving the rise. Foreigners and institutions net bought 9.9 billion KRW and 233.3 billion KRW respectively. In contrast, individuals net sold 243.8 billion KRW, appearing to realize profits.
Among the top 10 market cap stocks, all except LG Chem (-0.18%) are rising in unison. These include Samsung Electronics (2.44%), LG Energy Solution (0.25%), SK Hynix (1.33%), Samsung Biologics (1.10%), Samsung Electronics Preferred (2.50%), NAVER (4.27%), Hyundai Motor (1.46%), Samsung SDI (0.56%), and Kakao (6.11%).
By sector, all sectors are also rising together. These include Medical Precision (5.24%), Construction (4.31%), Electric and Gas (3.66%), Services (3.56%), Textile and Apparel (3.46%), Paper and Wood (2.65%), and Pharmaceuticals (2.46%).
At the same time, the KOSDAQ index was trading at 743.95, up 4.14% (29.57 points) from the previous trading day. The KOSDAQ opened at 719.47, up 0.71% (5.09 points) from the previous day.
By investor type, foreigners and institutions net bought 116.2 billion KRW and 66.1 billion KRW respectively, while institutions sold stocks worth 174 billion KRW.
All of the top 10 KOSDAQ market cap stocks are rising in unison. These include EcoPro BM (4.92%), Celltrion Healthcare (7.12%), L&F (5.32%), Kakao Games (7.49%), HLB (4.72%), Pearl Abyss (5.35%), Celltrion Pharm (4.57%), Alteogen (1.77%), Chunbo (7.05%), and CJ ENM (1.27%).
By sector, all sectors are showing strong gains. These include Digital Content (6.24%), IT Software (5.30%), Entertainment Culture (5.15%), Distribution (5.03%), Publishing and Reproduction (4.82%), IT Components (4.70%), Software (4.65%), and Pharmaceuticals (4.58%).
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
