KOSPI Surpasses 7,000 in Early Trading... KOSDAQ Jumps Over 1%
Foreign Investors Net Buyers on KOSDAQ
Strong Performance by Materials, Parts, and Equipment Companies
Both the KOSPI and KOSDAQ are showing upward trends in early trading. The KOSPI has once again surpassed the 7,000 mark, while the KOSDAQ is also displaying a strong performance, rising more than 1% compared to the previous day.
On September 9, the KOSPI opened at 6,972.87, up 0.26% from the previous day. It then climbed to as high as 7,012.22 in the early session, attempting to solidify above the 7,000 level. As of 9:23 a.m., it recorded 7,035.18.
In the early session, both foreign and institutional investors were net sellers, offloading 169.8 billion won and 105.9 billion won, respectively. Retail investors were net buyers, purchasing 217.9 billion won in stocks.
More sectors recorded gains than losses. Machinery and equipment (4.44%), construction (4.22%), medical and precision instruments (1.85%), transportation equipment and parts (1.83%), manufacturing (1.35%), electrical and electronics (1.34%), and metals (1.02%) saw the largest increases. Meanwhile, leisure and culture (-1.13%), textiles and apparel (-0.95%), paper and lumber (-0.90%), and insurance (-0.88%) declined.
The majority of the top 10 stocks by market capitalization were moving up. Samsung Electro-Mechanics (3.3%), SK hynix (2.3%), Hyundai Motor (0.5%), Samsung Electronics (0.5%), SK Square (0.2%), and Samsung Biologics (0.1%) posted the largest gains. Samsung Life Insurance (-0.6%) and KB Financial Group (-0.4%) showed slight declines.
The KOSDAQ is also strong. After opening at 815.06, up 0.39% from the previous day, it extended its gains to 1.70%, surpassing the 825 mark. As of 9:23 a.m., it stood at 825.41.
In the KOSDAQ market, only foreign investors were net buyers, with purchases totaling 95.3 billion won. Retail and institutional investors were net sellers, offloading 76.3 billion won and 17.2 billion won, respectively.
Most sectors were rising. Several sectors saw increases of more than 1%, including electrical and electronics (3.52%), machinery and equipment (3.51%), manufacturing (2.35%), metals (2.20%), transportation equipment and parts (1.69%), chemicals (1.41%), distribution (1.28%), and medical and precision instruments (1.01%). Leisure and culture (-0.92%) and publishing and media reproduction (-0.43%) fell.
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Among the top 10 KOSDAQ stocks by market capitalization, all except Alteogen (-1.9%) gained. The leading performers were HPSP (7.1%), Jusung Engineering (6.3%), Simmtech (4.9%), Leeno Industrial (3.6%), Wonik IPS (3.6%), Rainbow Robotics (3.5%), EO Technics (2.6%), Ecopro BM (2.0%), and Ecopro (0.8%).
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