[Asia Economy Reporter Lee Jung-yoon] The KOSPI index hit a new yearly low early in trading on the 4th but is showing an upward trend due to buying pressure from individual and institutional investors.
As of 9:43 a.m. that day, the KOSPI index stood at 2,312.67, up 7.25 points (0.31%) from the previous trading day. The index recorded a yearly low of 2,288.92 around 9:05 a.m. but rebounded due to buying by individuals and institutions. Individuals net bought about 4.3 billion KRW, institutions net bought about 81.1 billion KRW, while foreigners net sold about 87.6 billion KRW.
By sector, Medical Precision (3.66%), Food and Beverage (1.67%), Textile and Apparel (1.62%), Transportation and Warehousing (1.16%), and Services (1.00%) rose. Construction (-2.50%), Machinery (-1.48%), and Non-metallic Minerals (-0.72%) declined.
Among the top market capitalization stocks, Kakao rose 1.78%, showing the largest gain. This was followed by Kia (1.67%), Samsung Electronics (1.07%), LG Energy Solution (0.98%), SK Hynix (0.69%), Samsung Biologics (0.64%), LG Chem (0.59%), Naver (0.42%), and Hyundai Motor (0.28%). Samsung SDI (-0.20%) was the only stock to decline. Samsung Electronics hit a 52-week low of 55,700 KRW during the session but showed an upward trend. SK Hynix also hit a 52-week low of 86,300 KRW during the session but rose afterward.
At the same time, the KOSDAQ index was recorded at 732.06, up 2.58 points (0.35%) from the previous trading day. Individuals and institutions led the rise with net purchases of about 34.2 billion KRW and 1.7 billion KRW, respectively. Foreigners net sold about 35.8 billion KRW.
HLB rose 2.58%, recording the largest gain, followed by Alteogen (2.43%), Studio Dragon (2.26%), and Celltrion Pharm (1.53%).
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