On the morning of the 24th, the KOSPI and KOSDAQ indexes are displayed on the electronic board in the Hana Bank dealing room in Jung-gu, Seoul, as the KOSPI, which set a record high the previous day, pauses for breath./Courtesy of News1

The KOSDAQ index broke through the 1,200 level intraday on the back of net purchases by foreigners and institutions. It is the first time in about a month since early Mar. that the KOSDAQ index topped 1,200 points during trading.

According to the Korea Exchange (KRX) on the 24th, the KOSDAQ was at 1,200.10 as of 1:19 p.m., up 25.79 points (2.2%) from the previous trading day. After climbing to as high as 1,200.89 intraday, the KOSDAQ index has been fluctuating around the 1,200 level.

Foreign investors led the KOSDAQ's rise. Foreigners are net buying in the KOSDAQ market to the tune of 700 billion won. Institutions, including pension funds, also net bought 106.9 billion won, lifting the index. Individual investors, by contrast, were net sellers alone to the tune of 770.9 billion won.

Large-cap stocks are broadly stronger. Except for EcoPro, which ranks No. 1 among the top 10 KOSDAQ market capitalization stocks, all are gaining, including EcoPro BM, Alteogen, Rainbow Robotics, Sam Chun Dang Pharm, LEENO Industrial, and ABL Bio.

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