KOSPI Rebounds... Individual Buyers and Foreign Sellers

On the 24th, the KOSPI index showed a flat trend in the early session, displayed on the electronic board at the Hana Bank dealing room in Euljiro, Seoul. Photo by Moon Honam munonam@

[Asia Economy Reporter Hwang Junho] As of 10:55 AM on the 24th, the KOSPI reversed to an upward trend as individual investors' net buying intentions strengthened.

At this time, the KOSPI is recorded at 3,081.71, up 0.38% (11.62 points) from the previous day. The KOSPI started the day rising, then slightly declined before reversing back to an upward trend. The net buying intention of individuals is 173.5 billion KRW, exceeding the net selling intention of foreigners at 170.4 billion KRW, sustaining the upward momentum. Institutions show a net selling intention of 3.4 billion KRW.

Unlike the early session, the rise in large-cap stocks stands out. SK Hynix is showing a rise in the 2% range, while Samsung Electronics and Samsung Biologics are recording gains in the 1% range.

On the other hand, Hyundai Motor Company, which unveiled the Ioniq 5 and announced competition with American electric vehicle maker Tesla, saw its stock price fall by over 1%. Naver (NAVER) is also declining.

By sector, the medical precision field is showing a rise in the 2% range. Following that, the electrical and electronics sector is recording gains in the 1% range, and transportation and warehousing, telecommunications, and pharmaceuticals sectors are also rising.

The KOSDAQ also reversed to an upward trend. It is up 0.49% (4.55 points) from the previous day, standing at 941.15. The net buying trend of individuals is also prominent in KOSDAQ. Individuals show a net buying intention of 46.9 billion KRW, while foreigners have a net selling intention of 1.2 billion KRW, and institutions show a net selling intention of 35.2 billion KRW. By sector, computer services and telecommunications services are rising in the 1% range.

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