Trading Volume Surpasses

KOSDAQ Trading Volume Surpasses KOSPI
Recovery Starting with KOSDAQ Amid Recent Market Uncertainty Improvement

On the 26th, the KOSPI opened at 3,151.30, up 4.49 points (0.14%) from the previous trading day, at the Hana Bank dealing room in Jung-gu, Seoul. On the same day, the won-dollar exchange rate opened at 1,165.0 won, down 3.1 won from the previous trading day. Photo by Kim Hyun-min kimhyun81@

[Asia Economy Reporter Junho Hwang] The trading volume on the KOSDAQ has surpassed that of the KOSPI. Amid various factors simultaneously affecting the stock market recently, it is analyzed that investor sentiment is recovering starting with the KOSDAQ.

According to the Korea Exchange on the 31st, the previous day's KOSPI trading volume was recorded at 11.7587 trillion KRW. However, the KOSDAQ, considered the younger sibling of the KOSPI, recorded a trading volume of 12.2001 trillion KRW, surpassing the KOSPI. On the previous trading day, the 27th, the KOSDAQ also outpaced the KOSPI, recording 11.4067 trillion KRW, about 366.8 billion KRW more in trading volume than the KOSPI.

As uncertainties in the stock market have recently dissipated, the market is showing signs of revival, with vitality seemingly being injected starting from the KOSDAQ. The investor sentiment line, which indicates the number of days the stock price has risen over the past 10 trading days, shows 70% for the KOSDAQ and 60% for the KOSPI. With the removal of uncertainties related to the Bank of Korea's recent base rate hike, the US tapering issue, and corporate regulations in China, investor sentiment in the stock market has revived, showing a recovery trend since the 24th.

Looking at the net buying trends by investor type on the KOSDAQ, individual investors' net buying stands out. From the 25th, individuals have engaged in net buying averaging 165.161 billion KRW per day over four trading days. On the 30th, foreign investors also joined in net buying, contributing to the index's rise. The KOSDAQ recorded an upward trend from the 23rd to the 30th and started the day at 1,032.77, up 0.83 points (0.09%) from the previous day's closing price.

Choi Yujun, a researcher at Shinhan Financial Investment, analyzed, "Despite easing concerns over early tightening, the KOSPI trading volume formed at the 11 trillion KRW level," adding, "Rotation trading continues depending on policy events and interest rate situations." He further predicted, "The shift to net buying by foreigners will likely be influenced by fiscal policy momentum, and until then, the KOSDAQ will show relative superiority as a defensive stock."

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