KOSPI Stays Around 3080... Foreigners Alone Driving Buying Momentum

KOSDAQ Stabilizes Above 960 Level

On the morning of the 1st, when the KOSPI started rising, dealers are conversing in the Hana Bank dealing room in Jung-gu, Seoul.
[Image source=Yonhap News]

[Asia Economy Reporter Minwoo Lee] The KOSPI remains around the 3080 level. The additional upward momentum has stalled as institutional investors, who had been buying, switched to selling in the afternoon.

As of 2:09 PM on the 1st, the KOSPI recorded 3084.00, up 0.74% from the previous day. It briefly surpassed 3090 before falling back to the 3080 level.

By investor type, foreign investors showed notable buying strength, net purchasing a total of 373.2 billion KRW. In contrast, individuals and institutions net sold 368.2 billion KRW and 5.6 billion KRW, respectively.

More sectors declined than rose. The order of decline was transportation and warehousing (-1.55%), steel and metals (-1.36%), construction (-1.31%), and banking (-0.88%). Meanwhile, medical precision (3.48%), textiles and apparel (3.10%), and electrical and electronics (2.04%) rose.

Most of the top 10 market capitalization stocks were on the rise. SK Hynix had the largest gain at 5.28%, followed by LG Chem (1.74%), Samsung Electronics (1.47%), and Hyundai Motor (1.38%). NAVER and Celltrion remained flat.

The KOSDAQ also showed an upward trend. At the same time, it was up 0.89% from the previous day at 964.65. This contrasts with the early session, which started slightly down at 856.87 and fell to 954.93, down 0.13% from the previous day.

Again, only foreign investors were net buyers, purchasing 77.8 billion KRW. Individuals and institutions net sold 53.5 billion KRW and 18.9 billion KRW, respectively.

Most sectors rose. The publishing and media reproduction sector had the largest increase at 4.11%, followed by semiconductors (2.25%), computer services (2.22%), and paper and wood (2.06%). Conversely, non-metallic minerals (-1.65%), textiles and apparel (-1.24%), and construction (-0.34%) declined.

Top market cap stocks mostly rose as well. Pearl Abyss had the largest gain at 4.97%, followed by Seegene (2.46%), SK Materials (1.67%), EcoPro BM (1.17%), and Celltrion Pharm (1.00%). HLB (-1.66%), Kakao Games (-0.95%), and CJ ENM (-0.84%) declined.

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