KOSPI Narrows Losses in Morning Trading, Holding Around 2730 Level

[Image source=Yonhap News]

[Asia Economy Reporter Minji Lee] The KOSPI mostly recovered its losses, supported by net buying from individual investors.

As of 11:49 AM on the 28th, the KOSPI stood at 2,729.29, down 0.03% (0.69 points) from the previous trading day. The KOSPI opened the day at 2,721.22, down 0.32% (8.76 points) from the previous day, and fell nearly 0.9% during the session but is currently maintaining a flat trend.

At this time, institutional and foreign investors continue to sell net in the KOSPI market. Although institutional investors have reduced their net selling volume, they are still offloading stocks worth 85.2 billion KRW. Foreign investors are net sellers of stocks worth 197 billion KRW, while individuals alone purchased stocks worth 284.6 billion KRW.

By sector, insurance (2.22%), telecommunications (1.33%), electric and gas utilities (0.44%), paper and wood (0.54%), and finance (0.45%) all turned to an upward trend. Insurance stocks benefited from expectations of interest rate hikes, with most showing gains such as Meritz Fire & Marine Insurance (3.4%), Lotte Insurance (2.1%), and Samsung Fire & Marine Insurance (3.4%).

Among the top market capitalization stocks, Samsung Electronics (-0.14%), NAVER (-0.75%), LG Chem (-1.14%), and Samsung SDI (-1.66%) declined, while Kakao (0.48%) and Hyundai Motor (0.29%) rose.

At the same time, the KOSDAQ index stood at 929.81, down 0.52% (4.84 points) from the previous trading day. The KOSDAQ opened at 934.18, down 0.05% (0.51 points) from the previous day. Regarding investment trends, individuals alone bought stocks worth 208.4 billion KRW, while foreign and institutional investors sold stocks worth 108 billion KRW and 77.6 billion KRW, respectively.

By sector, non-metallic minerals rose 1.47%, followed by paper and wood (0.59%), telecommunications equipment (0.5%), metals (0.47%), and semiconductors (0.34%) with notable gains.

Among the top market capitalization stocks in KOSDAQ, Celltrion Healthcare (-0.31%), EcoPro BM (-1.97%), Pearl Abyss (-4.46%), Celltrion Pharm (-1.01%), and Wemade (-2.14%) declined, while L&F (0.25%) and Chunbo (0.63%) rose.

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