KOSPI and KOSDAQ Both Steady... Institutions 'Buy' vs Individuals 'Sell'

[Image source=Yonhap News]

[Asia Economy Reporter Myunghwan Lee] On the morning of the 23rd, institutional investors led the KOSPI market higher by net buying stocks worth around 180 billion KRW. Meanwhile, individual investors sold a similar amount.

As of 10:45 AM, the KOSPI stood at 2731.01, up 21.01 points (1.09%) from the previous trading day. The KOSPI opened at 2727.12, up 17.12 points (0.63%), rose to the 2740 level, then gave up some of the gains. By investor type, institutions supported the market with net purchases worth 182.4 billion KRW. Foreign investors also bought stocks worth 8.3 billion KRW. On the other hand, individual investors sold stocks worth 184.8 billion KRW alone.

Most of the top 10 stocks by market capitalization are rising. Samsung Electronics, the largest market cap stock, is trading up 0.57% at 70,700 KRW. Others rising include ▲LG Energy Solution (1.13%) ▲Naver (1.03%) ▲Samsung Electronics Preferred (0.47%) ▲Hyundai Motor (1.73%) ▲Samsung SDI (3.14%) ▲LG Chem (1.83%). SK Hynix (-0.40%) and Samsung Biologics (-0.24%) are slightly down. Kakao is trading unchanged at 106,500 KRW.

By sector, steel and metals (3.65%), telecommunications (1.22%), and finance (1.20%) are showing strength. Electric and gas utilities (-0.27%) and paper and wood products (-0.24%) are slightly down.

At the same time, the KOSDAQ index is at 929.64, up 4.97 points (0.54%) from the previous day. The KOSDAQ opened at 929.35, up 4.68 points (0.51%), fluctuating around the 0.5% gain level. By investor type, individual investors sold stocks worth 23.5 billion KRW alone, while institutions and foreign investors net bought 17.8 billion KRW and 29.7 billion KRW, respectively.

Among the top 10 KOSDAQ stocks by market cap, 8 are rising. Technology-related stocks such as EcoPro BM (4.06%), Kakao Games (3.57%), and L&F (3.11%) are leading gains. Others rising include Celltrion Healthcare (0.46%), Pearl Abyss (2.16%), Celltrion Pharm (0.61%), WeMade (1.84%), and Chunbo (0.35%). Meanwhile, HLB (-0.77%) and CJ ENM (-0.67%) are down.

By sector, paper and wood products (3.36%), metals (2.18%), and software (2.03%) are up, while machinery and equipment (-0.69%) and broadcasting services (-0.39%) are down.

Han Ji-young, a researcher at Kiwoom Securities, said, "The rebound in the US stock market, led by large growth stocks such as Tesla and Apple, is expected to have a positive impact on related stocks in the domestic market as well," but added, "Going forward, stock prices are likely to show differentiated trends depending on whether earnings outlooks improve."

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