'Ex-Dividend' KOSPI Battles Around 2800 Level... KOSDAQ Rises Over 1%
[Asia Economy Reporter Minji Lee] The KOSPI index, facing the ex-dividend date, is battling around the 2800 level. The KOSDAQ index started higher, showing an increase of over 1%.
As of 9:08 AM on the 29th, the KOSPI stood at 2801.72, down 0.24% (6.88 points) from the previous session. The KOSPI opened at 2810.55, up 0.07% (1.95 points) from the previous trading day. Looking at investor trends, foreigners and institutions sold stocks worth 135.4 billion KRW and 488 billion KRW respectively, while individuals alone bought stocks worth 609 billion KRW.
As it is the ex-dividend date, the KOSPI is showing a slight decline. The ex-dividend date is the day when the opportunity to receive dividends disappears, and typically the index shows a downward trend compared to the previous day. According to the ex-dividend index provided earlier by the Korea Exchange, the KOSPI was expected to open at 2764.33 points, about 1.58% (44.27 points) lower than the previous day. Even if the KOSPI falls by about 44 points today, it essentially does not mean a loss.
Seojung-hoon, a researcher at Samsung Securities, said, "The Korea Exchange estimated the ex-dividend effect to be around 44 points, but considering that the preference for risk assets is maintained and liquidity conditions are abundant, the volatility of the domestic stock market will be considerably limited."
Looking at the top market capitalization stocks, Samsung Electronics traded at 77,900 KRW, down 1.02% from the previous day. On the other hand, SK Hynix (1.73%), Samsung Biologics (2.66%), Celltrion (7.33%), Naver (0.18%), and Samsung SDI (1.43%) showed upward trends.
At the same time, the KOSDAQ index stood at 939.55, up 1.35% (12.55 points) from the previous day. The KOSDAQ opened at 928.58, up 0.17% (1.58 points) from the previous trading day. Looking at investor trends, foreigners and institutions sold stocks worth 49 billion KRW and 88 billion KRW respectively, while individuals alone bought stocks worth 144.9 billion KRW.
Hot Picks Today
Taking Annual Leave and Adding "Strike" to Profiles, "It Feels Like Samsung Has Collapsed"... Unsettled Internal Atmosphere
- There Is a Distinct Age When Physical Abilities Decline Rapidly... From What Age Do Strength and Endurance Drop?
- "One Comment Could Lead to a Report": 86% of Elementary Teachers Feel Anxious; Half Consider Resignation or Career Change
- "After Vowing to Become No. 1 Globally, Sudden Policy Brake Puts Companies’ Massive Investments at Risk"
- On Teacher's Day, a Student's Gifted Cake Had to Be Cut into 32 Pieces... Why?
Among the top market capitalization stocks, Celltrion Healthcare recorded 167,000 KRW, up 6.10% from the previous session. Seegene (4.92%), HL Biopharma (3.67%), and Alteogen (10.53%) maintained their upward trends.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
