Individuals and Institutions Neck and Neck... KOSPI Mixed Trend
KOSDAQ Also Repeats Fluctuations
[Asia Economy Reporter Gong Byung-sun] The KOSPI is showing mixed trends in the early trading session as individual buying pressure and institutional selling pressure are evenly matched.
On the 30th, the KOSPI opened at 3,176.43, up 0.07% (2.36 points). It showed a downward trend starting at 9:02 AM but switched back to an upward trend at 9:23 AM.
Institutions are selling while individuals are buying. Institutions and foreigners net sold 135.9 billion KRW and 14.2 billion KRW, respectively. Individuals net bought 152.5 billion KRW.
Most sectors rose. The transportation and warehousing sector had the largest increase at 2.08%. This was followed by securities (2.07%), banking (1.12%), machinery (0.67%), and finance (0.63%). Construction (-1.42%), chemicals (-0.32%), services (-0.31%), and steel and metals (-0.24%) declined.
Among the top 10 stocks by market capitalization, many showed weakness. Samsung SDI had the largest drop at -2.23%. This was followed by Kakao (-2.14%), NAVER (-1.77%), LG Chem (-1.58%), POSCO (-1.21%), Hyundai Motor (-0.92%), SK Hynix (-0.77%), and Samsung Biologics (-0.75%). On the other hand, Celltrion (0.56%) and Samsung Electronics (0.12%) rose.
On the same day, the KOSDAQ opened at 991.08, up 0.04% (0.39 points). It also turned downward at 9:03 AM but returned to an upward trend at 9:18 AM.
Foreigners are showing strong selling pressure on the KOSDAQ. Foreigners and institutions net sold 23.3 billion KRW and 5.2 billion KRW, respectively. Individuals net bought 28.8 billion KRW.
Many sectors rose. The entertainment and culture sector had the largest increase at 1.67%, followed by information devices (1.28%), metals (1.11%), internet (0.97%), and construction (0.94%). Transportation (-0.72%), digital content (-0.44%), computer services (-0.19%), textiles and apparel (-0.16%), and medical and precision instruments (-0.12%) declined.
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Most of the top 10 stocks by market capitalization showed weakness. Alteogen had the largest drop at -1.69%, followed by Kakao Games (-1.47%), EcoPro BM (-0.99%), HLB (-0.90%), Pearl Abyss (-0.71%), and SK Materials (-0.45%). Studio Dragon rose 3.68%, climbing to 9th in market capitalization. CJ ENM also rose 0.57% but dropped to 10th in market capitalization. Celltrion Healthcare rose 0.71%, while Celltrion Pharm remained flat.
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