Foreigners' Net Buying Leads to Slightly Firm KOSPI in Early Trading
KOSDAQ Turns Down After Starting with a Slight Gain
[Asia Economy Reporter Minwoo Lee] The KOSPI showed a firm upward trend in the early session as foreigners continued net buying for two consecutive days. Meanwhile, the KOSDAQ, where foreigners continued net selling, had already turned downward.
On the 25th, the KOSPI closed at 3,148.13, up 0.31% (9.83 points) from the previous day. As of 9:32 a.m., it recorded 3,143.42.
At the same time in the KOSPI market, foreigners and institutions net bought 13 billion KRW and 54.9 billion KRW worth of stocks, respectively. Conversely, institutions net sold 48.3 billion KRW.
Most sectors were on the rise. Steel & Metal (1.98%), Textile & Apparel (1.13%), Chemicals (0.76%), and Telecommunications (0.62%) led the gains. Banks (-3.12%), Pharmaceuticals (-1.42%), and Medical Precision (-0.69%) declined.
The top 10 market capitalization stocks showed mixed directions. Kakao (2.35%), LG Chem (1.91%), Hyundai Motor (0.48%), and Samsung Electronics (0.40%) rose. On the other hand, KakaoBank (-3.75%), Celltrion (-1.59%), SK Hynix (-0.95%), NAVER (0.69%), Samsung Biologics (-0.63%), and Samsung SDI (-0.13%) fell.
The KOSDAQ also started firm, rising 0.47% (4.78 points) to 1,017.96. At the same time, it stood at 1,009.44.
In the KOSDAQ market, individuals alone purchased stocks worth 277.7 billion KRW. Foreigners and institutions net sold 182 billion KRW and 85.3 billion KRW, respectively.
Many sectors declined. Pharmaceuticals (-1.18%), Digital Contents (-1.12%), Finance (-1.09%), and Transportation Equipment & Parts (-0.69%) were among the losers. Chemicals (0.64%), Non-metallic Minerals (0.54%), and Metals (0.47%) rose.
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All of the top 10 market capitalization stocks fell. Pearl Abyss had the largest drop at -3.03%. Following were Celltrion Pharm (-3.02%), Seegene (-1.98%), Alteogen (-1.88%), EcoPro BM (-1.61%), Celltrion Healthcare (-1.33%), SK Materials (-0.85%), Kakao Games (-0.40%), and HL Biopharma (-0.31%).
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