KOSPI Stalls... Holding Above 3100 Level

Foreigners and Institutions Continue Joint Buying
KOSDAQ Sideways... Individuals Solely Net Buyers

On the morning of the 2nd, when the KOSPI started on an upward trend, dealers are conversing in the Hana Bank dealing room in Jung-gu, Seoul.
[Image source=Yonhap News]

[Asia Economy Reporter Minwoo Lee] The KOSPI slightly dipped compared to the morning session but remains above the 3100 level.

As of 1:47 PM on the 2nd, the KOSPI stood at 3104.19, down 0.54% from the previous day. After opening at 3104.72, it briefly rose to 3121 in the morning but has since shown some hesitation. Nevertheless, it is still holding above the 3100 mark. This is the first time the KOSPI has surpassed 3100 since February 22.

As in the early session, foreign and institutional investors continue to be net buyers, purchasing 464.9 billion KRW and 382.5 billion KRW worth of stocks, respectively. Individual investors were net sellers, offloading 862.1 billion KRW.

By sector, transportation equipment (3.69%), precision medical instruments (2.49%), and electrical & electronics (1.28%) rose, while construction (-1.06%), pharmaceuticals (-0.94%), and paper & wood (-0.91%) declined.

The KOSDAQ has been trading sideways with little change since the market opened. At the same time, it recorded 967.48, up 0.18% from the previous day.

On the KOSDAQ market, individual investors were the sole net buyers with 98.5 billion KRW, while foreign and institutional investors were net sellers of 55.4 billion KRW and 18.2 billion KRW, respectively.

Many sectors saw gains. Financials (3.52%), publishing & media reproduction (3.22%), computer services (1.41%), and semiconductors (1.40%) posted the largest increases. Conversely, distribution (-1.56%), telecommunications services (-1.01%), and paper & wood (-0.79%) declined.

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