KOSPI Reclaims 3000 Level Driven by Individual and Foreign Net Buying
[Asia Economy Reporter Minji Lee] The KOSPI, which started lower due to the sharp decline in U.S. tech stocks, rose to the 3000 level on buying by individual and foreign investors.
As of 9:12 a.m. on the 25th, the KOSPI was at 3006.50, up 0.34% (10.15 points) from the previous trading day. The KOSPI opened at 2995.67, down 0.02% (0.68 points) from the previous day, but then turned upward. Looking at investor trends, individuals and foreigners bought stocks worth 44.3 billion KRW and 13.6 billion KRW respectively, while institutions sold stocks worth 54.6 billion KRW.
Among the top market capitalization stocks, Samsung Electronics traded at 81,000 KRW, unchanged from the previous day. LG Chem (2.04%), Samsung SDI (0.94%), and Celltrion (0.33%) rose. On the other hand, Hyundai Motor (-1.13%), Kakao (-0.71%), and NAVER (-1.68%) declined. Due to the rise in international oil prices, energy sector stocks such as SK Innovation (3%) and S-Oil (1.6%) showed an upward trend.
At the same time, the KOSDAQ index was at 954.01, up 0.02% (0.19 points) from the previous trading day. The KOSDAQ index opened at 953.26, down 0.06% (0.56 points) from the previous day, but is showing an upward trend.
Regarding investor trends, individuals and foreigners bought stocks worth 16.4 billion KRW and 4.4 billion KRW respectively, while institutions alone sold stocks worth 19 billion KRW. Among the top market capitalization stocks, Pearl Abyss (-1.84%), Kakao Games (-0.19%), SK Materials (-1.49%), CJ ENM (-0.42%), and Studio Dragon (-0.43%) also declined.
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Seonghoon Seo, a researcher at Samsung Securities, explained, “Investment sentiment across emerging markets has recently been greatly weakened,” adding, “Due to slower vaccine distribution compared to developed countries and limitations in actively implementing stimulus measures, the recovery speed is expected to be slow, and the domestic stock market will not be free from this perspective.”
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