[Edaily Reporter Shin Ha-yeon] As the U.S. and Iran reached a ceasefire agreement, the KOSPI continued its strong upward trend in the afternoon, rising by more than 5%. Buying by foreign and institutional investors is driving the index higher.

According to MP Doctor on the 15th, as of 1:16 p.m. today, the KOSPI is trading at 8,567.08, up 443.46 points (5.46%) from the previous trading day. The index opened at 8,526.12, up 4.95% from the previous day, and has continued its upward trend. It even touched the 8,600 mark, rising as high as 8,603.48 during the session.

At 9:06 a.m. today, the 14th buy-side sidecar (temporary suspension of program sell orders) of the year was triggered. The KOSPI sidecar is triggered when the KOSPI 200 futures price remains more than 5% above the benchmark price for one minute or longer.

In terms of supply and demand, foreign and institutional investors are currently net buyers in the stock market, with 615.2 billion won and 1.2411 trillion won, respectively. Retail investors are the only group showing a net selling position of 1.7951 trillion won. Program trading shows a net selling position of 964.1 billion won, combining both arbitrage and non-arbitrage trades.

Most sectors are showing strength. Retail and Electricity & Gas are up around 8%, while Transportation & Warehousing, Electricity & Gas, and Transportation Equipment & Parts are rising around 6%. Following these, Insurance, Manufacturing, Metals, Machinery & Equipment, Finance, Chemicals, Pharmaceuticals, Real Estate, Telecommunications, Paper & Wood, IT Services, General Services, and Non-Metals are also showing strength.

Among the top market cap stocks, #Samsung Electronics is trading at 338,500 won, up 16,000 won (4.96%) from the previous trading day. #SK Hynix is trading at 2,308,000 won, up 158,000 won (7.35%).

In addition, #SK Square (3.02%), #Samsung Electro-Mechanics (13.13%), #Hyundai Motor (6.92%), #LG Energy Solution (4.0%), #Samsung Life Insurance (8.43%), #Samsung C&T (15.39%), and #HD Hyundai Heavy Industries (10.0%) are all on the rise.

At the same time, the KOSDAQ market is trading at 1,035.20, up 6.15 points (0.60%) from the previous trading day. In terms of supply and demand, retail and institutional investors are net buyers of 593.4 billion won and 79.9 billion won, respectively. Foreign investors are the only net sellers, offloading 640 billion won.

Most of the top market capitalization stocks are showing strength. #Alteogen (5.04%), #Ecopro BM (8.53%), #Ecopro (5.45%), #Rainbow Robotics (6.41%), #Kolon TissueGene (3.02%), and #HPSP (26.99%) are all on the rise.