KOSPI Maintains Morning Uptrend Above 3260 on Institutional Net Buying...

[Image source=Yonhap News]

[Asia Economy Reporter Minji Lee] The KOSPI is showing an upward trend as institutions increase their net buying volume.

At 10:04 AM on the 23rd, the KOSPI stood at 3,260.84, up 0.33% (10.63 points) from the previous trading day. The KOSPI opened at 3,253.44, up 0.10% (3.23 points) from the previous day, showed a slight decline initially, but soon continued its upward trend. Looking at investor trends, institutions bought stocks worth 130.4 billion KRW, while foreigners and individuals sold stocks worth 98.6 billion KRW and 27.9 billion KRW, respectively.

By sector, the highest gains were seen in textiles and apparel (2.61%), steel and metals (2.24%), services (2.05%), and non-metallic minerals (1.85%). Hanse Yes24 Holdings showed an upward trend as the value of its stake rose, supported by KakaoBank's demand forecast. F&F (4.01%) has been strong for consecutive days on news of participating in the acquisition of global golf equipment specialist TaylorMade.

Among the top market capitalization stocks, Samsung Electronics (0.13%), NAVER (2.16%), Kakao (2.71%), Samsung Biologics (1.24%), and Samsung SDI (0.54%) rose. On the other hand, SK Hynix (-0.84%) and Hyundai Motor (-1.31%) declined.

At the same time, the KOSDAQ index stood at 1,057.17, up 0.66% (6.92 points) from the previous trading day. The KOSDAQ index opened at 1,053.01, up 0.26% (2.76 points) from the previous day.

Looking at investor trends, individuals alone bought stocks worth 47.5 billion KRW, while foreigners and institutions sold stocks worth 13.3 billion KRW and 21.1 billion KRW, respectively.

By sector, the gains were recorded in internet (3.94%), telecommunications and equipment (2.65%), paper and wood (2.08%), and publishing and media reproduction (1.54%). Yes24 also surged 27% as the value of its stake in KakaoBank was highlighted. Among the top market capitalization stocks, Celltrion Healthcare (0.09%), Celltrion Pharm (0.27%), SK Materials (0.02%), Seegene (0.13%), CJ ENM (0.645%), and Alteogen (0.80%) rose.

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