KOSPI Continues Sideways Trend, Maintains '3100 Level'

[Image source=Yonhap News]

[Asia Economy Reporter Park Jihwan] On the 6th, the KOSPI is maintaining a flat trend around the '3100 level' in the afternoon amid overnight positive momentum in the U.S. stock market. Although expectations for a rebound in the Korean stock market, which has been trading within a box range for about three months, had increased, the index itself is not gaining strength.

As of 1:54 PM, the KOSPI recorded 3,124.23, up 3.40 points compared to the previous trading day. The index started at 3,123.80, up 2.97 points (0.10%) from the previous close, and has been fluctuating between declines and rises, maintaining a flat range around the 3100 level.

By investor type, foreigners are defending the index with net purchases of 378 billion KRW, marking the fourth consecutive day of buying. Individuals also supported the market with net purchases of 50.1 billion KRW. On the other hand, institutions sold a net 402.6 billion KRW.

Among the top market capitalization stocks, Kakao, which has a stock split issue, showed strong performance, rising 7.37%. Following were NAVER (2.65%), Samsung Electronics (0.47%), and SK Hynix (0.35%). Meanwhile, LG Chem (-1.22%) and Hyundai Motor (-1.28%) declined.

At the same time, the KOSDAQ index recorded 966.35, down 3.42 points (-0.35%) from the previous trading day. The index opened at 971.11, up 1.34 points (0.14%) from the previous close, but soon turned downward and continued to weaken.

In the KOSDAQ, foreigners are net sellers of 169.4 billion KRW, and institutions are net sellers of 38 billion KRW. Individuals are net buyers of 246.7 billion KRW.

Among the top market capitalization stocks, performance was mixed. Celltrion Healthcare and Celltrion Pharm fell by 0.78% and 1.31%, respectively. On the other hand, Pearl Abyss (1.83%) and Kakao Games (0.76%) rose.

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