KOSPI at 3280, KOSDAQ at 1030... Continued Net Buying by Individuals

[Image source=Yonhap News]

[Asia Economy Reporter Lee Seon-ae] On the 2nd, the domestic stock market started higher but continued to fluctuate, showing a sideways trend.

On this day, the KOSPI opened at 3282.81 (0.02%), up 0.75 points. The KOSDAQ opened at 1036.28 (0.06%), up 0.64 points. As of 1:44 PM, the KOSPI was at 3283.36, up 0.04%, and the KOSDAQ was at 1036.48, up 0.08%.

Individual investors continue to be net buyers. Currently, individuals are net buying 49.7 billion KRW in the KOSPI market and 200 billion KRW in the KOSDAQ market. Foreign investors are selling about 42.3 billion KRW in the KOSPI market and about 126.1 billion KRW in the KOSDAQ market. Institutions are net sellers with 83.1 billion KRW and 59.2 billion KRW in the two markets, respectively.

By sector in the KOSPI, construction (2.51%), machinery (1.18%), and insurance (1.13%) rose. On the other hand, textiles and apparel (-2.12%), medical precision (-0.69%), and non-metallic minerals (-0.72%) declined. In the KOSDAQ sectors, digital content (2.35%), construction (1.81%), and internet (1.64%) increased. Distribution (-0.66%), entertainment and culture (-0.56%), and other manufacturing (-0.58%) fell.

The domestic stock market is considered to be at a turning point. Although the trend of economic recovery has not been broken, the spread of the Delta variant virus is causing concern.

Han Dae-hoon, a researcher at SK Securities, said, "There is still abundant liquidity and heightened expectations for improved earnings," adding, "If Samsung Electronics, which is moving sideways amid the KOSPI bull market, realizes its earnings improvement, the possibility of further market gains can be anticipated."

Meanwhile, the New York stock market closed higher across the board. On the 1st (local time) at the New York Stock Exchange (NYSE), the Dow Jones Industrial Average closed at 34,633.53, up 131.02 points (0.38%) from the previous session. The Standard & Poor's (S&P) 500 index rose 22.44 points (0.52%) to 4,319.94, hitting a record high. The tech-heavy Nasdaq index closed at 14,522.38, up 19.42 points (0.13%).

The economic indicators released that day drove the stock price increase. The U.S. Department of Labor reported that the number of unemployment benefit claims in the U.S. for the week of June 20-26 was 364,000, down 51,000 from the previous week. This is the lowest level since mid-March last year when the COVID-19 pandemic began in earnest. It is also the second-largest decrease since the end of April two months ago, when claims dropped by 83,000.

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