KOSPI Maintains Uptrend... Will Samsung Electronics Surpass 80,000 Won?

[Asia Economy Reporter Junho Hwang] On the 22nd, the KOSPI maintained its upward trend as forecasts emerged that economic lockdowns due to the COVID-19 variant Omicron would not be easily implemented. Net buying by foreign and institutional investors continues.

As of 2:39 PM, the KOSPI recorded a 0.23% increase at 2,981.86 points. Foreign and institutional investors are net buying 224.2 billion KRW and 101.6 billion KRW respectively, while individual investors show a net selling intention of 328.9 billion KRW. The KOSPI initially rose to the 3,000 level early in the session but then fell back to the 2,900 level.

Among all listed stocks, 465 stocks rose while 377 stocks declined. Among the top market capitalization stocks, Samsung Electronics is up 1.28% at 79,100 KRW. SK Hynix, also a semiconductor stock, rose 2.01%, showing a concurrent upward trend. This rise is analyzed as being due to positive semiconductor industry outlooks. However, Samsung Biologics (down 2.91%), Kakao (down 0.44%), and LG Chem (down 2.34%) are on a downward trend.

The KOSDAQ recorded a 0.54% increase at 1,002.02 points. While individuals and foreigners are net selling 105.8 billion KRW and 29.2 billion KRW respectively, institutions are net buying 149.1 billion KRW, showing strong performance.

Among all stocks, 763 stocks rose and 571 stocks fell. Among the top market capitalization stocks, Wemade stands out with a 7.55% jump. Following are L&F (up 1.30%) and EcoPro BM (up 0.37%), also showing upward trends.

Seosangyoung, a researcher at Mirae Asset Securities, said, "As news that economic lockdowns due to the COVID-19 variant Omicron will not be easily enforced continues to come in, the market is unlikely to show a sensitive reaction to the Omicron issue. Going forward, the market is expected to respond sensitively to related news ahead of the full-scale corporate earnings season."

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