Institutional funds flow in... KOSPI and KOSDAQ 'Maintain Rise'

[Image source=Yonhap News]

[Asia Economy Reporter Lee Seon-ae] Thanks to net buying by institutions, the KOSPI and KOSDAQ are maintaining an upward trend.

As of 11:06 AM on the 26th, the KOSPI is at 3039.31. It is hovering around the 3040 level, continuing to fluctuate. The KOSDAQ is holding above the 1000 mark at 1009.41.

The index is interpreted to be supported by net buying from institutions. Institutions have recorded net purchases of 101.1 billion KRW and 65.2 billion KRW in the KOSPI and KOSDAQ markets, respectively. Individuals are net sellers of approximately 91.7 billion KRW and 103.5 billion KRW in both markets. Foreigners are net sellers by 10 billion KRW in the KOSPI market but net buyers by 48.7 billion KRW in the KOSDAQ market.

The strong sectors in the KOSPI are Pharmaceuticals (+1.72%), Services (+1.34%), and Electrical & Electronics (+0.99%), while the weak sectors are Transportation & Warehousing (-0.30%), Telecommunications (-0.22%), and Food & Beverages (-0.17%).

The strong sectors in the KOSDAQ are Digital Contents (+5.69%), Entertainment & Culture (+2.38%), and Pharmaceuticals (+2.08%), while the weak sector is Transportation Equipment & Parts (-0.89%).

Han Ji-young, a researcher at Kiwoom Securities, said, "Recently, the KOSPI has been steadily holding the 3000 level based on closing prices, and it is expected to continue its upward trend today, supported by positive momentum from the U.S. However, since the earnings season is at the center of the market, rather than the entire market showing strength, the stock prices are likely to show differentiated movements depending on the earnings of individual companies."

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