Exploring Stock Market Direction: KOSPI and KOSDAQ in Narrow Range... Individual Investors Solely Net Buyers

[Asia Economy Reporter Lee Seon-ae] On the 31st, the domestic stock market started higher and has been moving within a narrow range with slight fluctuations. Only individual investors are showing net buying in both the KOSPI and KOSDAQ markets.

As of 11:03 AM, the KOSPI is at 3,187.28, down 0.03% from the previous day. The KOSPI opened at 3,192.06 (up 0.1%), rising 3.33 points. The KOSDAQ is at 982.57, up 0.52%. It started the session at 979.00 (up 0.16%), rising 1.54 points.

While individuals are taking a buying position alone, foreigners and institutions are showing selling pressure together. Individuals are buying 341.8 billion KRW in the KOSPI market and 5.2 billion KRW in the KOSDAQ market. Foreigners are net sellers by 35.9 billion KRW in the KOSPI market but net buyers by 10.3 billion KRW in the KOSDAQ market. Institutions are selling 307.1 billion KRW and 9.8 billion KRW in the two markets, respectively.

By sector in the KOSPI, Food & Beverages (1.04%), Machinery (0.84%), and Services (0.78%) are on the rise. On the other hand, Steel & Metals (-2.12%), Non-metallic Minerals (-1.18%), and Securities (-0.93%) are weak.

The domestic stock market in June is expected to continue a volatile trend amid rising COVID-19 vaccination rates and expectations for improved corporate earnings, despite ongoing concerns about U.S. tapering (gradual reduction of quantitative easing) and weakened investor sentiment.

Yuanta Securities forecasted, "This week, the direction of the Korean stock market will be determined by the impact of somewhat eased inflationary pressures, confirmed through economic indicators such as May Korean exports announced on July 1 and the upcoming major countries' PMI releases."

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