'2700 Comeback' KOSPI Continues Uptrend...Individual Investors Turn to Net Selling

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[Asia Economy Reporter Myunghwan Lee] The KOSPI index maintained its upward trend into the afternoon of the 22nd, settling above the 2700 mark. The KOSDAQ index, which fluctuated between declines and gains in the early session, is gradually tracing an upward curve. Individual investors, who showed buying pressure in the early session of the KOSPI market, turned to net selling.

As of 1:40 PM, the KOSPI stood at 2703.81, up 17.76 points (0.66%) from the previous day. The KOSPI opened at 2686.68, up 0.63 points (0.02%), and successfully returned to the 2700 level during the morning session. By investor type, institutions were the sole net buyers with 274 billion KRW, while individuals and foreigners sold 114 billion KRW and 167.7 billion KRW worth of stocks, respectively. Individuals, who had been net buyers of over 50 billion KRW immediately after the market opened, turned to selling.

Myunggan Lee, a researcher at Mirae Asset Securities, commented, "Until corporate earnings momentum recovers, a supply-demand driven environment is expected to continue for the time being. Since institutional investors' influence on supply-demand has increased, sectors or companies with high institutional net buying ratios are favorable choices."

Looking at the top market capitalization stocks, most are on the rise. Samsung Electronics, trading at 70,400 KRW, up 0.43%, leads the gains, followed by ▲LG Energy Solution (2.46%) ▲Samsung Biologics (0.48%) ▲Kakao (1.43%) ▲Hyundai Motor (3.26%) ▲Samsung SDI (0.79%) ▲LG Chem (0.10%). Samsung Electronics Preferred shares fell 0.31%, the only stock among the top 10 by market cap to decline. SK Hynix and NAVER are trading at the same prices as the previous session.

By sector, ▲Insurance (3.15%) ▲Transportation Equipment (2.35%) ▲Construction (1.64%) are rising, while ▲Pharmaceuticals (-1.28%) ▲Transportation & Warehousing (-0.92%) ▲Non-metallic Minerals (-0.24%) are declining.

At the same time, the KOSDAQ index stood at 921.22, up 2.82 points (0.31%) from the previous day. The KOSDAQ opened at 916.70, down 1.70 points (0.19%), and retreated to around 914 by 9:10 AM, showing a nearly 1% decline, but soon rebounded. After fluctuating sideways, it gradually rose toward the late session. By investor type, individuals and institutions were net buyers of 24.8 billion KRW and 35.5 billion KRW, respectively, while foreigners were sole net sellers of 47.1 billion KRW.

Among the top market capitalization stocks, CJ ENM rose 2.72% from the previous day, along with ▲Pearl Abyss (0.76%) ▲L&F (0.85%) ▲Kakao Games (0.26%) ▲Wemade (2.61%) ▲Cheonbo (0.55%). In contrast, Celltrion Healthcare plunged 7.37% to 65,400 KRW. Other decliners include ▲EcoPro BM (-0.525%) ▲Celltrion Pharm (-3.73%) ▲HLB (-2.58%).

By sector, ▲Food & Tobacco (3.07%) ▲Entertainment & Culture (2.37%) ▲Broadcasting Services (2.10%) are rising, while ▲Distribution (-3.22%) ▲Telecommunication Services (-0.67%) ▲Paper & Wood (-0.54%) are declining.

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