KOSPI Rises for 3 Consecutive Days on Net Buying by Individuals and Institutions... KOSDAQ Mixed Trend

[Image source=Yonhap News]

[Asia Economy Reporter Eunmo Koo] The KOSPI continued its three-day winning streak, rising in the early session due to simultaneous net buying by individual and institutional investors. Meanwhile, the KOSDAQ index showed mixed trends.

On the 6th, the KOSPI opened at 2,158.95, up 6.54 points (0.30%) from the previous trading day. The KOSPI, which started higher, showed firm gains in the early session due to purchases by individual and institutional investors. As of 9:30 a.m., it was trading at 2,160.10, up 7.69 points (0.36%) from the previous day.

Sangyoung Seo, a researcher at Kiwoom Securities, said, "This week, the Korean stock market is expected to fluctuate depending on news related to COVID-19 in the U.S., such as infection numbers, countermeasures, and vaccine development, as well as Samsung Electronics' earnings results." He added, "Particularly, with the number of new COVID-19 cases in the U.S. rising to nearly 60,000 over the weekend, uncertainty is increasing, highlighting the need to pay attention to the possibility of uncertainty regarding the pace of economic recovery."

Looking at the current trading trends by participant, individual and institutional investors are net buyers of 137 billion KRW and 44.5 billion KRW, respectively. Conversely, foreign investors are net sellers of 179 billion KRW.

By sector, service industries, electrical and electronics, and manufacturing are rising, while textiles and apparel, finance, and distribution sectors are falling.

Among the top market capitalization stocks, Kakao, NCSoft, NAVER, SK Hynix, and Samsung Electronics are rising. On the other hand, SK, Samsung Biologics, LG Household & Health Care, and Samsung C&T are declining.

Currently, in the KOSPI market, 343 stocks are rising without any hitting the upper limit, 456 stocks are falling without any hitting the lower limit, and 91 stocks are unchanged.

The KOSDAQ index is showing mixed trends. It opened at 754.74, up 2.56 points (0.34%) from the previous day, but in the early session, it fluctuated around the 750 level. As of 9:30 a.m., it was at 752.15, down 0.03 points (0.00%) from the previous day.

Regarding current supply and demand, individual investors are net buyers of 100.4 billion KRW, while foreign and institutional investors are net sellers of 56.6 billion KRW and 39.2 billion KRW, respectively.

By sector, telecommunications services, digital content, and software are rising, while non-metallic minerals, entertainment and culture, and telecommunications equipment are falling.

Among the top market capitalization stocks, EcoPro BM, Alteogen, Celltrion Pharm, SK Materials, and Pearl Abyss are rising. Conversely, Rino Industrial, Genexine, CJ ENM, and KMW are declining.

Currently, in the KOSDAQ market, 536 stocks are rising without any hitting the upper limit, 654 stocks are falling without any hitting the lower limit, and 119 stocks are unchanged.

This content was produced with the assistance of AI translation services.