KOSPI Weakens Around '3280'... KOSDAQ Hits Intraday High for the Year
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[Asia Economy Reporter Park Jihwan] On the first trading day of the second half of 2021, the domestic stock market is showing mixed directions. While the KOSPI is slightly declining due to simultaneous selling by foreigners and institutions, the KOSDAQ continues its upward trend for the fourth consecutive trading day as individuals are buying.
As of 1:09 PM on the 1st, the KOSPI is at 3,282.58, down 14.10 points from the previous trading day. The KOSPI opened at 3,297.92, up 1.24 points from the previous close.
Looking at trading trends by investor type, foreigners and institutions are selling together for the first time in three trading days. Individuals net bought 868.2 billion KRW, while foreigners and institutions net sold 308.9 billion KRW and 562.9 billion KRW respectively.
Among the top market capitalization stocks, most are showing weakness. Samsung SDI (3.72%), Samsung Biologics (1.90%), and LG Chem (0.71%) rose. Samsung Electronics (-0.50%), SK Hynix (-2.35%), Kakao (-1.84%), and NAVER (-1.20%) showed weakness.
At the same time, the KOSDAQ is at 1,034.10, up 4.14 points. The index started the session at 1,030.48, up 0.52 points from the previous day. During the session, it rose to 1,035.31, surpassing the intraday record high of 1,032.64 set on April 19. If this continues, it will also break the highest closing price of the year at 1,031.88 recorded on April 20.
By investor type, individuals net bought 67.5 billion KRW. Foreigners and institutions are net selling 30.8 billion KRW and 21.3 billion KRW respectively.
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Among the top market capitalization stocks, most are on the rise. Pearl Abyss rose 9.11% on expectations following the Chinese government's issuance of a foreign investment license (sales permit) for the mobile game 'Black Desert Mobile.' Celltrion Pharm (0.95%), EcoPro BM (1.93%), CJ ENM (0.38%), and Seegene (3.39%) also rose. On the other hand, Celltrion Healthcare fell 0.26% to 115,400 KRW. Additionally, SK Materials (-0.94%) and HLB (-1.05%) declined.
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