KOSPI Maintains Upward Momentum While KOSDAQ Declines

According to Financial News, the Korea Composite Stock Price Index (KOSPI) is showing strong performance on the 29th, buoyed by institutional investors’ buying activity.
As of 2:30 p.m., the KOSPI is trading at 4,052.93, up 1.06% from the previous session. During the session, the index surged to a record high of 4,078.99.
In the main stock market, institutions have purchased shares worth 483.8 billion won. In contrast, individuals and foreign investors are net sellers, offloading 84.5 billion won and 352.7 billion won worth of stocks, respectively.
Among large-cap stocks, SK hynix (up 5.57%) and Doosan Enerbility (up 8.91%) are performing strongly. SK hynix announced that its third-quarter revenue reached 24.4489 trillion won, with an operating profit of 11.3834 trillion won. This marks the first time in the company’s history that operating profit has surpassed 10 trillion won, with an impressive operating margin of 47%.
On the other hand, Samsung Biologics (-0.57%), Hanwha Aerospace (-0.60%), and KB Financial Group (-0.86%) are showing weakness.
By sector, machinery (up 4.81%), distribution (up 4.61%), IT services (up 3.43%), and construction (up 2.36%) are on the rise. In contrast, apparel (-1.99%), medical services (-1.29%), insurance (-1.32%), and non-metallic materials (-1.34%) are declining.
At this time, the Korean Securities Dealers Automated Quotations (KOSDAQ) index is trading at 899.55, down 0.41% from the previous session.
In the KOSDAQ market, foreign investors and institutions have sold 32.9 billion won and 47.7 billion won worth of shares, respectively, while individuals have purchased 126.6 billion won worth.



hippo@fnnews.com Kim Chan-mi Reporter