KOSPI, Individual and Foreign Investors Buy Together... Trading Near 3080 Level

[Image source=Yonhap News]

[Asia Economy Reporter Park Jihwan] On the 10th, the KOSPI continued to fluctuate around the 3080 level, repeating rises and falls into the afternoon.

As of 1:20 PM, the KOSPI stood at 3,086.37, up 1.70 points (0.06%) from the previous trading day. The index opened at 3,088.13, up 3.46 points (0.11%) from the previous close, and fluctuated within a narrow range. Foreign investors, who were net sellers in the early session, switched to net buyers, leading to a slight upward trend.

Looking at trading trends by investor type, both individuals and foreigners are net buyers in the KOSPI. Individuals and foreigners are net buying 200.8 billion KRW and 130.9 billion KRW respectively. In contrast, institutions are net sellers with 347.6 billion KRW.

Examining the top market capitalization stocks, mixed trends are evident. Samsung Electronics fell 0.85% to 82,000 KRW compared to the previous day. SK Hynix also declined 0.80% to 124,500 KRW. Aside from semiconductor stocks, LG Chem (-3.19%) and Samsung Biologics (-0.50%) also showed weakness. On the other hand, NAVER (2.37%) and Hyundai Motor (1.06%) rose. Notably, Kakao recorded a strong gain of over 5% amid expectations of strong fourth-quarter earnings last year and continued high growth this year.

At the same time, the KOSDAQ was trading at 956.18, down 1.67 points (0.17%) from the previous day. The index started at 958.45, up 0.60 points (0.06%), but turned downward in the early session.

By investor type, individuals were net buyers of 174 billion KRW, while foreigners and institutions were net sellers of 70.3 billion KRW and 85.3 billion KRW respectively.

Among the top market capitalization stocks, most declined. Celltrion Healthcare (-0.63%), Celltrion Pharm (-0.92%), Seegene (-1.03%), and Pearl Abyss (-2.50%) fell. Only Kakao Games and SK Materials rose by 2.59% and 0.09% respectively.

Seo Sangyoung, a researcher at Kiwoom Securities, explained, "From a broad perspective, today's market seems to be fluctuating according to foreign investors' spot market supply and demand," adding, "There is a trend of differentiation among stocks, such as the strong performance of Kakao, which had good earnings last year."

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