Korean Stock Market Opens Firm; KOSPI Eyes 2,800 Mark

On June 5, the domestic stock market opened with a broad-based rally in the early session.

As of 9:30 a.m. on this day, the KOSPI was trading at 2,796.20, up 25.36 points (0.92%) from the previous session. The index had started the day at 2,790.33, up 19.49 points (0.70%). While individuals and institutions recorded net sales of 118.5 billion won and 101.6 billion won, respectively, foreign investors were the sole net buyers, purchasing 243.2 billion won worth of shares.

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Among large-cap stocks, SK hynix (up 5.40%), Hanwha Aerospace (up 3.91%), Doosan Enerbility (up 2.11%), NAVER (up 1.99%), Hyundai Motor (up 1.45%), LG Energy Solution (up 1.30%), and Kia (up 1.23%) were showing gains. In contrast, KB Financial Group (down 2.69%), Shinhan Financial Group (down 2%), and HD Hyundai Heavy Industries (down 0.70%) were weak.

At the same time, the KOSDAQ was trading at 754.83, up 4.62 points (0.62%) from the previous session. The index had opened at 751.59, up 1.38 points (0.18%). Foreign investors alone were net sellers, offloading 29.9 billion won worth of shares, while individuals and institutions were net buyers of 31 billion won and 2.4 billion won, respectively.

Among the top KOSDAQ stocks by market capitalization, most were on the rise. Samchundang Pharm (up 11.98%), LIG Nex1 (up 6.08%), EcoPro BM (up 2.73%), EcoPro (up 2.63%), PharmaResearch (up 2.19%), HLB (up 2.14%), and Peptron (up 2.11%) were strong performers. On the other hand, Alteogen (down 2.36%) and Rainbow Robotics (down 1.75%) were on the decline.

By sector, steel (up 2.76%), other capital goods (up 2.54%), semiconductors (up 2.19%), electronic equipment (up 2.18%), furniture (up 1.89%), software (up 1.86%), trading companies (up 1.81%), and game software (up 1.59%) were posting gains. In contrast, banks (down 1.24%), securities (down 1.04%), non-ferrous metals (down 0.93%), and life sciences (down 0.41%) were declining.