KOSPI Around 2700 Maintains Mixed Trend... Driven by Net Buying from Individuals

[Image source=Yonhap News]

[Asia Economy Reporter Kwon Jaehee] Both the KOSPI and KOSDAQ indices turned upward. The three major indices on the New York Stock Exchange closed lower, the acceleration of Russia's invasion of Ukraine, and financial sanctions against Russia by the United States and other Western countries led to a sharp rise in international oil and grain prices, which weighed on the Korean stock market and caused it to start lower. However, buying momentum from individual investors has driven the market upward.

As of 10:42 a.m. on the 2nd, the KOSPI was at 2703.16, up 0.15% (3.98 points) from the previous trading day. The KOSPI opened at 2698.31, down 0.03% (0.87 points) from the previous day, but after showing volatility, it turned upward. At this time, investor trends show foreigners and institutions sold 112.8 billion KRW and 49.3 billion KRW respectively, while individuals alone net bought 157.9 billion KRW.

By sector, machinery (2.57%), steel and metals (0.97%), construction (0.91%), non-metallic minerals (0.74%), medical precision (0.69%), distribution (0.56%), services (0.53%), and paper and wood (0.48%) showed gains. On the other hand, insurance (-2.16%), finance (-1.31%), clothing (-0.62%), and pharmaceuticals (-0.5%) declined.

Among the top market capitalization stocks, Samsung Electronics (-0.28%), SK Hynix (-0.4%), Samsung Electronics Preferred (-0.45%), Naver (-0.31%), Samsung Biologics (-1.67%), LG Chem (-2.12%), and Samsung SDI (-0.36%) showed declines. Meanwhile, LG Energy Solution (1.94%) and Kakao (0.74%) recorded gains.

At the same time, the KOSDAQ index was trading at 890.89, up 1.11% (9.82 points) from the previous day. The KOSDAQ opened at 880.62, down 0.05% (0.45 points) from the previous day. Looking at investor trends, individuals alone net bought 42.3 billion KRW, while foreigners and institutions net sold 7.2 billion KRW and 23.6 billion KRW respectively.

By sector, general electric and electronics (3.45%), metals (2.45%), paper and wood (2.16%), IT components (2.11%), chemicals (2.04%), digital content (1.87%), food and beverages/tobacco (1.8%), and telecommunications equipment (1.54%) led the gains.

Among the top market capitalization stocks, EcoPro BM (6.48%), L&F (3.95%), Pearl Abyss (3.47%), Kakao Games (2.45%), and Chunbo (3.36%) showed upward trends.

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