Rising Start Fueled by Foreign Net Buying... Fluctuations Continue Based on Buying Strength

[Image source=Yonhap News]

[Asia Economy Reporter Lee Seon-ae] On the 5th, the domestic stock market started higher.

On that day, the KOSPI index opened at 3,283.25, up 2.87 points (0.09%). The KOSDAQ index started the session at 1,050.45, up 2.52 points (0.24%).

In the early session, foreigners showed a buying preference in the KOSPI market, with a net purchase of about 48.4 billion KRW. In the KOSDAQ market, they recorded a selling preference of 18.9 billion KRW. Individuals showed a selling preference of 39.3 billion KRW in the KOSPI market and a buying preference of 23.2 billion KRW in the KOSDAQ market. Institutions recorded net sales in both markets, selling approximately 7.6 billion KRW and 4.1 billion KRW respectively.

By sector in the KOSPI, pharmaceuticals (+0.77%), services (+0.51%), and machinery (+0.40%) showed strength, while steel and metals (-0.73%), textiles and apparel (-0.62%), and transportation equipment (-0.58%) declined.

By sector in the KOSDAQ, internet (+0.73%), digital content (+0.73%), and broadcasting services (+0.62%) showed strength, while medical and precision instruments (-0.25%), information technology (-0.05%), and machinery and equipment (-0.03%) declined.

Kiwoom Securities researcher Kim Yumi said, "Since the beginning of the year until last July, foreigners aggressively net sold more than 24 trillion KRW, but recently they have been net buying mainly semiconductor stocks. It is true that foreigners’ net selling was excessive to some extent, and we believe there is a high possibility that they will expand their weighting in the Korean stock market in the future. However, it is necessary to consider the possibility that the buying intensity may weaken today."

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