Afternoon Sees Individual Net Buying... KOSPI Trades Around 2720 Level

[Image source=Yonhap News]

[Asia Economy Reporter Minji Lee] The KOSPI is showing an upward trend. Although the net purchase volume of institutional investors in the cash market has decreased compared to the morning, individual investors have switched to net buying, maintaining an increase of around 0.4%.

As of 2:04 PM on the 23rd, the KOSPI stood at 2719.47, up 0.47% (12.68 points) from the previous trading day. The KOSPI opened at 2727.43, up 0.76% (20.64 points) from the previous day, and although the gain narrowed, it continued its upward momentum into the afternoon. Looking at investor trends, individuals and institutions bought stocks worth 85.9 billion KRW and 100.8 billion KRW respectively, while foreign investors sold stocks worth 191.7 billion KRW alone.

Although the U.S. stock market showed a decline of over 1% reflecting concerns over military conflict between Ukraine and Russia, the KOSPI is analyzed to be showing a stable trend as it had already factored in related issues a day earlier. Lee Kyung-min, a researcher at Daishin Securities, analyzed, "In the absence of additional news related to the Ukraine situation, the impact of the situation has somewhat eased, resulting in a favorable performance of the KOSPI."

Among the top market capitalization stocks, LG Energy Solution (0.34%), SK Hynix (0.39%), Kakao (0.98%), and Samsung SDI (1.29%) rose, while Samsung Electronics (-0.41%), Samsung Biologics (-0.52%), LG Chem (-0.17%), and Hyundai Motor (-0.55%) declined.

At the same time, the KOSDAQ index stood at 876.37, up 0.95% (8.26 points) from the previous trading day. The KOSDAQ opened at 873.23, up 0.6% (5.21 points), and showed an intraday increase of over 1%. Looking at investor trends, individual investors alone bought stocks worth 103.2 billion KRW, while foreign and institutional investors sold stocks worth 54.8 billion KRW and 50.9 billion KRW respectively.

Among the top market capitalization stocks, Celltrion Healthcare (-2.33%), EcoPro BM (-0.40%), Celltrion Pharm (-2.76%), and CJ ENM (-0.31%) declined, while L&F (0.47%), Pearl Abyss (1.05%), Kakao Games (2.42%), and Wemade (2.39%) rose.

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