Yang Market Starts Slightly Firm... KOSPI Sideways Around 2970 Level

KOSPI Foreigners and Institutions Net Buying
KOSDAQ, with Only Individuals Net Buying, Reverses to Decline

On the morning of the 13th, dealers are working in the dealing room at the Hana Bank headquarters in Jung-gu, Seoul.
[Image source=Yonhap News]

[Asia Economy Reporter Minwoo Lee] Both the KOSPI and KOSDAQ markets opened with a slight upward trend. Since then, they have been moving sideways without significant changes in the early trading session.

On the 13th, the KOSPI opened at 2,979.91, up 0.25% (7.43 points) from the previous day. As of 9:36 AM, it stood at 2,973.20.

By investor type, foreigners and institutions were net buyers of 4.4 billion KRW and 45.7 billion KRW respectively. Individuals were net sellers of 51.7 billion KRW.

More sectors rose than fell. The textile and apparel sector had the largest gain at 1.83%. This was followed by securities (1.08%), electric and gas utilities (0.91%), steel and metals (0.89%), and insurance (0.66%). Medical precision (-0.289%) and pharmaceuticals (-1.60%) declined.

Among the top 10 market capitalization stocks, NAVER had the largest increase at 1.59%. This was followed by SK Hynix (0.78%), Samsung SDI (0.61%), Hyundai Motor (0.47%), Kakao (0.21%), and Kia (0.12%). LG Chem (-3.75%), Celltrion (-1.78%), Samsung Biologics (-1.17%), and Samsung Electronics (-0.13%) declined.

The KOSDAQ also started with a slight upward trend. It opened at 994.55, up 0.32% (3.22 points) from the previous day. It then reversed to a decline, recording 986.70 as of 9:36 AM.

Contrary to the KOSPI market, individuals alone showed net buying of 83 billion KRW. Foreigners and institutions were net sellers of 80.8 billion KRW and 3.6 billion KRW respectively.

More sectors declined. Other services (-3.31%), technology growth companies sector (-3.13%), and publishing and media replication (-1.85%) had the largest drops. Machinery and equipment (1.48%) and semiconductors (0.70%) rose.

Among the top 10 market capitalization stocks, more stocks declined. Celltrion Pharm’s drop of -2.10% was the largest. This was followed by Pearl Abyss (-1.68%), Celltrion Healthcare (-1.60%), HLB (-1.52%), Kakao Games (-1.48%), and Wemade (-1.03%). Cheonbo (1.27%), CJ ENM (0.43%), EcoPro BM (0.34%), and L&F (0.05%) rose.

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