KOSPI Recovers to 2700 Level After 4 Trading Days... Individuals Continue to 'Buy' Today

[Image source=Yonhap News]

[Asia Economy Reporter Kwon Jae-hee] The KOSPI index recovered to the 2700 level after four trading days. It is analyzed that individual investors actively engaged in net buying, while institutional investors also reduced their selling pressure, preventing downward pressure.

On the 2nd, the KOSPI index closed at 2703.52, up 0.16% (4.34 points) from the previous trading day.

On that day, the KOSPI opened at 2698.31, down 0.03% (0.87 points) from the previous session, fluctuated with mixed trends, then increased its gains in the afternoon. However, it gave up some of the gains before the market closed.

By market participants, individuals net bought 427.9 billion KRW, while foreigners and institutions net sold 307.7 billion KRW and 132.9 billion KRW, respectively.

Despite the ongoing Ukraine crisis and a sharp rise in oil prices during the day, investor sentiment showed signs of partial recovery.

It appears that expectations were reflected that the Korean stock market could gain a windfall as Morgan Stanley Capital International (MSCI) is reportedly considering excluding Russia from the emerging markets index.

By sector, machinery recorded the largest increase at 1.97%. This was followed by steel and metals (1.18%), paper and wood (1.12%), construction (1.09%), non-metallic minerals (0.91%), and securities (0.68%). On the other hand, insurance (-2.04%), textiles and apparel (-1.84%), finance (-1.30%), pharmaceuticals (-0.77%), and telecommunications (-0.56%) showed declines.

Among the top market capitalization stocks, LG Energy Solution surged 5.34%. Conversely, Samsung Electronics (-0.55%), Naver (-0.31%), Samsung Biologics (-1.41%), LG Chem (-1.77%), and Samsung SDI (-0.18%) declined.

On the same day, the KOSDAQ index closed at 895.45, up 1.63% (14.38 points) from the previous trading day. The KOSDAQ also started the day down 0.05% (0.45 points) at 880.62 but turned upward early in the session.

Regarding investor trends, individuals net sold 66.1 billion KRW, while foreigners and institutions net bought 36.7 billion KRW and 42.9 billion KRW, respectively.

By sector, food and beverages/tobacco (3.5%), general electric and electronics (3.15%), digital content (2.97%), metals (2.56%), IT components (2.46%), and entertainment and culture (2.43%) showed upward trends.

Among the top market capitalization stocks, Celltrion Healthcare fell 0.94%, while EcoPro BM (4.88%), L&F (3.85%), Pearl Abyss (5.78%), Kakao Games (2.72%), Wemade (0.09%), and Chunbo (3.14%) recorded gains.

Lee Kyung-min, a researcher at Daishin Securities, analyzed, "From the supply and demand perspective, institutional net selling pressure decreased, and the KOSPI fluctuated around the 2700 level before expanding its gains in the afternoon."

Kim Seok-hwan, a researcher at Mirae Asset Securities, said, "Due to the uncertainty over the Ukraine crisis and economic slowdown caused by strengthened sanctions on Russia, the domestic stock market showed mixed trends."

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