KOSPI Starts Flat... Sideways Movement Around 3160 Level
[Asia Economy Reporter Minji Lee] The KOSPI opened higher but is showing a flat trend amid foreign selling pressure.
At 9:22 a.m. on the 27th, the KOSPI stood at 3,168.72, up 0.01% (0.29 points) from the previous trading day. The index started the day at 3,170.84, up 0.08% (2.41 points) from the previous day. Looking at investment trends, institutions bought stocks worth 31.1 billion KRW, while individuals and foreigners sold stocks worth 8.5 billion KRW and 22.9 billion KRW, respectively.
Most of the top market capitalization stocks are declining. Samsung Electronics (-0.31%), NAVER (-1.52%), LG Chem (-3.12%), Samsung Biologics (-0.72%), Hyundai Motor (-0.67%), and Samsung SDI (-0.63%) also fell.
At the same time, the KOSDAQ index stood at 967.21, up 0.12% (1.15 points) from the previous trading day. The index started the day at 967.01, up 0.10% (0.95 points) from the previous day.
Regarding investment trends, foreigners and institutions bought stocks worth 40.5 billion KRW and 14.7 billion KRW, respectively, while individuals alone purchased stocks worth 56.7 billion KRW.
Among the top market capitalization stocks, Celltrion Healthcare (-0.47%), Celltrion Pharm (-0.52%), Kakao Games (-1.15%), Pearl Abyss (-0.34%), and EcoPro BM (-0.23%) also declined.
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Han Ji-young, a researcher at Kiwoom Securities, said, “Stock prices will show differentiated trends by sector influenced by the Bank of Korea’s Monetary Policy Committee results, China’s industrial profit indicators, and the U.S. futures market trends. Since Ford in the U.S. announced an expansion of investment in electric vehicles, we need to watch whether secondary battery-related stocks will rise.”
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