KOSDAQ Surpasses 800...Strong Performance of Secondary Battery and Pharmaceutical Stocks
Foreigners Net Buy 200.9 Billion KRW, Institutions and Individuals Sell
Green Light for Secondary Battery Stocks, Celltrion Healthcare Up Over 7%
On the 3rd, the KOSPI index closed slightly higher. Notably, the KOSDAQ index surged nearly 2% due to strength in secondary battery and pharmaceutical stocks, surpassing the 800-point mark for the first time in six months.
According to the Korea Exchange on the day, the KOSPI index ended the session at 2432.07, up 4.22 points (0.17%) from the previous day. Individuals and institutions bought stocks worth 24.9 billion KRW and 34.2 billion KRW respectively, while foreigners sold stocks worth 93.6 billion KRW alone.
![[Image source=Yonhap News]](http://www.asiae.co.kr/news/img_view.htm?img=2023013010214596961_1675041705.jpg)
The top 10 stocks by market capitalization showed mixed trends. Samsung Electronics (-0.49%), SK Hynix (-0.91%), and Hyundai Motor (-1.34%) declined, while LG Energy Solution (0.56%), Samsung Biologics (2.07%), Samsung SDI (2.96%), and LG Chem (3.69%) rose.
The KOSDAQ index closed at 802.42, up 15.23 points (1.93%) from the previous session. Surpassing the 800-point level marks the first time in about six months since September last year. Individuals and institutions sold stocks worth 182.1 billion KRW and 14 billion KRW respectively, while foreigners alone purchased stocks worth 226.7 billion KRW.
Among the top 10 by market capitalization, EcoPro BM (14.03%), L&F (3.19%), Celltrion Healthcare (7.05%), and EcoPro (8.91%) rose, while Kakao Games (-0.84%) and Pearl Abyss (-0.12%) closed lower.
Secondary battery stocks showed strong performance during the session. Hannong Chemical hit the upper price limit, and Cosmo Advanced Materials (15.59%), Nano Team (15.38%), EcoPro BM (13.9%), Iljin Materials (11.41%), Chunbo (9.02%), EcoPro (8.73%), Enchem (8.64%), LG Chem (3.69%), L&F (3.39%), and Samsung SDI (2.96%) all rose significantly.
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Additionally, Celltrion group stocks also rose, attributed to the news of the return of Honorary Chairman Seo Jung-jin to management. Celltrion Pharm (15.58%), Celltrion Healthcare (7.05%), and Celltrion (4.8%) surged. Furthermore, pharmaceutical stocks in general showed strength, including SK Bioscience (5.45%), Hanmi Pharmaceutical (2.13%), and Samsung Biologics (2.07%).
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