Foreigners and Institutions Shop Together, Individuals Realize Gains... Fluctuations Within a Narrow Range
On the 21st, the KOSPI index opened at 3,171.91, up 9.63 points (0.30%) from the previous trading day, as dealers were working in the dealing room at the Hana Bank headquarters in Jung-gu, Seoul. On the same day, the won-dollar exchange rate started trading at 1,128.0 won, down 4.0 won from the previous trading day. Photo by Kang Jin-hyung aymsdream@
View original image[Asia Economy Reporter Lee Seon-ae] The KOSPI showed an upward trend on the 21st with simultaneous buying by foreigners and institutions. After rising to the 3190 level in the morning, it fell again and continued to fluctuate within a narrow range. The rise appears to be sustained by the closing gains of the three major U.S. stock markets and expectations for the South Korea-U.S. summit.
As of 11 a.m. on the day, the KOSPI was trading at 3,171.72, up 0.30% from the previous trading day. The KOSPI started trading at 3,171.91, up 9.63 points (0.3%) from the previous day, then expanded its gains before giving some back, continuing to fluctuate.
Foreigners and institutions are net buyers of 42.7 billion KRW and 363.8 billion KRW, respectively. Only individuals are realizing profits, net selling 423.9 billion KRW worth.
By sector, transportation equipment (2.20%), electrical and electronics (1.88%), telecommunications (1.34%), securities (1.24%), and transportation and warehousing (0.50%) are on the rise.
Most of the top market capitalization stocks are also showing gains. Samsung Electronics recovered the '80,000 KRW level,' trading at 81,300 KRW, up 2.26% (1,800 KRW) from the previous day. SK Hynix (1.63%), Naver (2.56%), Kakao (3.52%), Hyundai Motor (3.56%), Samsung SDI (1.10%), and Celltrion (1.30%) are also rising. On the other hand, LG Chem (-0.89%) and Samsung Biologics (-1.12%) are declining.
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At the same time, the KOSDAQ index is at 972.62, up 0.15% from the previous day. The KOSDAQ index started at 972.30, up 1.17 points (0.12%) from the previous day. Individuals are buying 54.7 billion KRW worth, and institutions also have a buying advantage of 5.1 billion KRW. Only foreigners are net sellers of 50.8 billion KRW.
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