Relief Rally on 'Inflation Peak-Out' Issue... KOSPI Maintains 2500 Level

[Image source=Yonhap News]

[Asia Economy Reporter Kwon Jae-hee] The KOSPI and KOSDAQ indices, which started the day with a rise of over 1% amid the spotlight on the 'inflation peak-out' issue, continue to maintain a solid trend into the afternoon session.

As of 2:05 PM on the 11th, the KOSPI index is trading at 2514.33, up 1.35% (33.45 points) compared to the previous trading day. The index opened at 2507.74, up 1.08% (26.86 points) from the previous trading day.

By investor type, foreigners and institutions bought stocks worth 100.4 billion KRW and 347.4 billion KRW, respectively. On the other hand, individuals sold stocks worth 440.6 billion KRW.

Among the top 10 market capitalization stocks, only Samsung Electronics Preferred Shares remained flat, while the others all showed gains. These include Samsung Electronics (0.68%), LG Energy Solution (2.73%), SK Hynix (1.09%), Samsung Biologics (0.78%), LG Chem (0.31%), NAVER (2.10%), Samsung SDI (0.49%), Hyundai Motor (0.26%), and Kakao (4.11%).

At the same time, the KOSDAQ index is at 830.12, up 1.20% (9.85 points) from the previous trading day. The index opened at 831.99, up 1.43% (11.72 points).

Looking at investment trends, individuals alone sold stocks worth 112.3 billion KRW to realize profits, while foreigners and institutions bought stocks worth 22.8 billion KRW and 98.1 billion KRW, respectively.

The top 10 market capitalization stocks in KOSDAQ show mixed trends. Celltrion Healthcare is flat, while Kakao Games (5.28%), Celltrion Pharm (0.34%), and Alteogen (0.14%) are rising. On the other hand, EcoPro BM (-2.12%), L&F (-1.81%), HLB (-0.86%), Pearl Abyss (-0.83%), EcoPro (-0.50%), and Chunbo (-0.04%) are declining.