KOSPI Continues Uptrend in Afternoon... Sustained Net Buying by Institutions and Foreigners
[Asia Economy Reporter Minji Lee] The KOSPI continues to show an upward trend into the afternoon. While institutions and foreigners maintain a net buying stance, individual investors are increasing their net selling volume.
As of 1:59 PM on the 18th, the KOSPI stood at 3,070.78, up 0.76% (23.28 points) compared to the previous trading day. The KOSPI opened at 3,054.93, up 0.24% (7.43 points) from the previous day, and has maintained its upward momentum. Individual investors sold stocks worth 714.5 billion KRW, continuing their net selling, while foreigners and institutions bought stocks worth 342.2 billion KRW and 379.1 billion KRW respectively, sustaining their net buying.
Among the top market capitalization stocks, NAVER rose 5% to 403,000 KRW. Samsung Electronics (0.73%), SK Hynix (1.43%), LG Chem (0.23%), Hyundai Motor (1.08%), Samsung Biologics (0.97%), and Samsung SDI (3.29%) also maintained upward trends.
At the same time, the KOSDAQ index stood at 948.96, up 0.55% (5.18 points) from the previous trading day. The KOSDAQ opened at 945.11, up 0.14% (1.33 points) from the previous day, and maintained its upward trend. In the KOSDAQ market, foreigners continued net selling by offloading stocks worth 38.8 billion KRW, while individual and institutional investors bought stocks worth 33.2 billion KRW and 13.6 billion KRW respectively.
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Among the top market capitalization stocks, Celltrion Pharm (0.07%), Kakao Games (0.97%), EcoPro BM (0.45%), and CJ ENM (0.84%) rose.
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