KOSPI and KOSDAQ Start Higher on Individual Net Buying
[Asia Economy Reporter Minji Lee] The KOSPI and KOSDAQ indices are showing an upward trend due to net buying by individual investors.
As of 9:11 a.m. on the 17th, the KOSPI stood at 3,162.70, up 0.3% (9.38 points) from the previous trading day. The KOSPI opened at 3,163.21, up 0.31% (9.89 points) from the previous day.
Looking at investor trends, individuals alone purchased stocks worth 154 billion KRW, while foreigners and institutions sold stocks worth 40 billion KRW and 124.6 billion KRW, respectively.
Among the top market capitalization stocks, Samsung Electronics traded at 80,600 KRW, up 0.62% from the previous day. SK Hynix (0.84%), LG Chem (0.82%), NAVER (1.61%), Hyundai Motor (0.22%), Kakao (0.46%), and Samsung SDI (1.92%) also rose.
At the same time, the KOSDAQ index stood at 973.10, up 0.66% (6.38 points) from the previous day. The KOSDAQ opened at 968.02, up 0.13% (1.30 points) from the previous day.
Regarding investor trends, individuals alone purchased stocks worth 31.5 billion KRW, while foreigners and institutions sold stocks worth 20 billion KRW and 10.4 billion KRW, respectively.
Among the top market capitalization stocks, Celltrion Healthcare and Celltrion Pharm rose 1.23% and 4.01%, respectively. Kakao Games (0.6%), Pearl Abyss (0.71%), HL Biopharma (1.25%), and SK Materials (0.6%) also increased.
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Lee Kyung-min, a researcher at Daishin Securities, said, “If concerns about monetary policy ease, bond yields stabilize downward, and COVID-19 vaccine supply uncertainties are controlled, the recovery speed of market leadership by existing leading stocks such as semiconductors, automobiles, secondary batteries, and internet sectors will accelerate.” He added, “It is necessary to maintain a strategy of increasing weight in existing leading stocks and actively expand weight during periods of increased volatility to maximize returns in the second quarter and the second half of the year.”
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