Last Trading Day KOSPI Fluctuates Within Stable Range

[Image source=Yonhap News]

[Asia Economy Reporter Ji Yeon-jin] On the 30th, the domestic stock market is fluctuating within a narrow range. After the ex-dividend date, program sell-offs intensified, causing the KOSPI and KOSDAQ to dip slightly in early trading, but continued buying by individual investors led to a shift to a firm upward trend.

As of 10:50 a.m., the KOSPI stood at 2,996.54, up 3.25 points (0.11%) from the previous day. Institutions sold about 222.5 billion KRW and foreigners sold about 50.4 billion KRW, while individuals bought about 274.2 billion KRW, driving the index rebound.

SK Hynix is up 3.54% following news of completing the first phase of Intel acquisition, and Samsung Electronics is showing a 0.63% gain as foreign buying continues. Samsung Biologics is also rising 2.70% due to the acquisition by U.S. pharmaceutical company Biogen. On the other hand, LG Chem is down 1.59%, and most of the top market cap stocks including NAVER (-1.05%) and KakaoBank (-1.00%) are weak.

Lee Jae-man, a researcher at Hana Financial Investment, said, "SK Hynix is strong due to the possibility of DRAM price increases following Samsung Electronics' reduction of the Xi'an plant, but other stocks are not showing significant volatility," adding, "Overall recent trading volume and value have decreased, so the upward and downward volatility is limited."

The KOSDAQ index is trading at 1,031.14, up 3.09 points (0.30%). Individuals are net buyers of about 232.9 billion KRW, while foreigners and institutions are net sellers of about 101.0 billion KRW and 125.8 billion KRW, respectively.

Among the top market cap stocks, Pearl Abyss rose the most at 2.59%, with Kakao Games (0.89%), Cheonbo (0.90%), and Alteogen (0.40%) also showing strength. Conversely, L&F (-1.21%), Wemade (-1.61%), and HL Biopharma (-1.30%) are weak.

On this day, program net selling of about 114.2 billion KRW occurred in the KOSPI market, and the KOSDAQ recorded program net selling of 111.0 billion KRW.

Lee Kyung-min, a researcher at Daishin Securities, said, "The KOSPI, which has stock-specific issues, reached 3,005 points in early trading, but concerns over the holiday and program selling and short selling by institutional investors after the ex-dividend date appear to be factors behind the early decline."

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