Foreigners and Institutions Net Buying... KOSPI Maintains Uptrend

[Image source=Yonhap News]

[Asia Economy Reporter Minji Lee] The KOSPI is maintaining an upward trend in the morning as institutions and foreigners continue net buying.

As of 10:29 a.m. on the 30th, the KOSPI stood at 2748.47, up 0.27% (7.40 points) from the previous trading day. The stock market opened with the KOSPI rising 0.63% (17.24 points) to 2758.31 compared to the previous day. The increase narrowed as individuals showed net selling and foreigners reduced their net buying compared to earlier in the session. Currently, institutions have purchased stocks worth 171.9 billion KRW, foreigners 14.8 billion KRW, while individuals alone sold stocks worth 167.2 billion KRW.

By sector, Medical Precision (2.45%), Transportation Equipment (1.38%), Pharmaceuticals (1.18%), and Services (0.82%) showed gains. Among the Medical Precision sector, SD Biosensor rose 3.3%, which is interpreted as being influenced by the acquisition of a German in vitro diagnostics distributor.

Looking at the top market capitalization stocks, most are showing gains. Samsung Electronics (-0.14%) and LG Energy Solution (-1.93%) declined, while SK Hynix (1.25%), NAVER (1.05%), Samsung Biologics (0.72%), Kakao (0.95%), Hyundai Motor (2.55%), Samsung SDI (3.51%), and LG Chem (0.38%) rose.

The domestic stock market is maintaining an upward trend influenced by the rise in the U.S. stock market the previous day. The news that peace negotiations between Russia and Ukraine are progressing meaningfully has been positively reflected in the index. However, concerns about a recession due to the inversion of U.S. short- and long-term interest rates, a weak yen, and supply chain disruptions caused by lockdown measures in Shanghai, China, remain, limiting the rise.

At the same time, the KOSDAQ index stood at 940.00, up 0.23% (2.17 points) from the previous trading day. The index opened at 942.08, up 0.45% (4.25 points) from the previous day, and is maintaining an upward trend. Looking at investor trends, individuals are the sole net buyers with purchases worth 66.2 billion KRW. Foreigners and institutions sold stocks worth 34.7 billion KRW and 20.5 billion KRW, respectively.

Among the top market capitalization stocks, Celltrion Healthcare (0.15%), EcoPro BM (1.69%), L&F (0.38%), Pearl Abyss (2.88%), Celltrion Pharm (0.2%), and Wemade (1.99%) rose, while Kakao Games (-1.12%) and Chunbo (-0.42%) declined.

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