KOSDAQ Turns Upward... Individuals Bought While Institutions and Foreigners Sold

[Image source=Yonhap News]

[Asia Economy Reporter Kwon Jae-hee] The KOSPI opened lower. Despite the optimism that the conflict between Russia and Ukraine will not be prolonged and the U.S. stock market's three major indices closed higher, the high-intensity sanctions such as the U.S. and Western countries blocking Russia from SWIFT appear to have weighed on the financial market.

As of 9:23 a.m. on the 28th, the KOSPI index is at 2,664.10, down 0.47% (12.66 points) from the previous trading day. The KOSPI index started down 0.51% but seems to be gradually narrowing its losses. Looking at investor trends, individual investors net bought 264 billion KRW, while foreigners and institutions sold 120.8 billion KRW and 135.6 billion KRW, respectively.

Most of the top market capitalization stocks are also showing a downward trend. Samsung Electronics is trading at 71,300 KRW, down 0.83% from the previous trading day. Others declined in the order of LG Energy Solution (-1.79%), SK Hynix (-0.81%), Samsung Electronics Preferred (-0.61%), Naver (-0.48%), Samsung Biologics (-1.05%), Kakao (-0.21%), and LG Chem (-0.18%).

At the same time, the KOSDAQ index is at 873.75, up 0.77% (0.09 points) from the previous trading day. The KOSDAQ index started trading at 870.27, down 0.31% (2.71 points) from the previous day, but reversed to rise. Looking at investor trends, individual investors net bought 75 billion KRW, while foreigners and institutions net sold 25.1 billion KRW and 44.6 billion KRW, respectively.

Among the top market capitalization stocks, EcoPro BM is trading up 4.44% at 376,000 KRW. L&F (1.47%), Kakao Games (0.83%), Wemade (6.38%), and Cheonbo (0.82%) are showing upward trends, while Celltrion Healthcare (-1.76%), Pearl Abyss (-0.42%), Celltrion Pharm (-0.58%), and CJ ENM (-0.54%) are declining.

Chae Hyun-gi, a researcher at Cape Investment & Securities, analyzed, "Volatility factors in the domestic stock market will continue due to the Russia-Ukraine conflict," adding, "Although uncertainty has been resolved to some extent due to Russia's invasion, it is difficult to expect further upward momentum."

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