KOSPI and KOSDAQ Rise Together... Individuals Continue to 'Buy' Today
[Asia Economy Reporter Kwon Jae-hee] Both the KOSPI and KOSDAQ indices are showing an upward trend. The rise is attributed to gains in U.S. tech stocks, external factors such as the Chinese foreign exchange authority's reserve requirement ratio cut, and strong first-quarter earnings from major companies like Hyundai Motor and Kia, which appear to have influenced investor sentiment.
As of 10:55 a.m. on the 26th, the KOSPI stands at 2,670.35, up 0.50% (13.22 points) from the previous trading day. The KOSPI opened the day at 2,674.00, up 0.63% (16.87 points) from the previous close.
By investor type, individual investors were the sole buyers, purchasing stocks worth 939.8 billion KRW. In contrast, foreign investors and institutions sold stocks worth 682.3 billion KRW and 289.1 billion KRW, respectively.
Han Ji-young, a researcher at Kiwoom Securities, analyzed, "The domestic stock market is expected to show strength, supported by the perception of an excessive drop and the strong performance of the U.S. stock market. The fact that major companies such as Hyundai Motor and Kia have consecutively posted strong earnings contributes to a favorable first-quarter earnings season, which is also a factor for the rebound in our stock market."
By sector, all sectors are rising except for steel and metals (-1.79%), insurance (-0.78%), food and beverages (-0.70%), electricity and gas (-0.29%), and telecommunications (-0.25%). The sectors leading the gains are pharmaceuticals (3.06%), transportation equipment (2.83%), paper and wood (2.48%), textiles and apparel (1.95%), transportation and warehousing (1.28%), non-metallic minerals (1.17%), machinery (0.86%), services (0.82%), and securities (0.57%).
Among the top 10 KOSPI market capitalization stocks, Samsung Electronics and Samsung Electronics Preferred are flat, and LG Energy Solution is down (-3.00%), while all others are rising. SK Hynix (0.46%), Samsung Biologics (2.65%), NAVER (0.17%), Hyundai Motor (4.67%), Kakao (0.78%), Samsung SDI (0.78%), and Kia (5.4%) are all showing gains.
At the same time, the KOSDAQ index is at 910.86, up 1.22% (11.02 points) from the previous trading day. The KOSDAQ opened at 906.59, up 0.75% (6.75 points) from the previous close.
By investor type in the KOSDAQ market, institutions were the sole sellers, offloading stocks worth 155.8 billion KRW, while individuals and foreign investors bought stocks worth 57.2 billion KRW and 464.7 billion KRW, respectively.
By sector, all sectors are rising except construction (-0.16%). The leading sectors are internet (3.16%), paper and wood (2.71%), distribution (2.95%), digital content (2.12%), food and tobacco (1.95%), pharmaceuticals (1.84%), entertainment and culture (1.72%), transportation equipment and parts (1.63%), and finance (1.60%).
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Among the top market capitalization stocks, all are rising except EcoPro BM (-0.81%) and L&F (-1.20%). The gainers include Celltrion Healthcare (5.20%), Pearl Abyss (5.24%), Kakao Games (1.65%), Celltrion Pharm (5.17%), HLB (2.74%), Chunbo (0.91%), Rino Industries (0.67%), and CJ ENM (0.65%).
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