KOSPI Rises, KOSDAQ Turns Down... Individuals Continue to 'Buy' Today
[Asia Economy Reporter Kwon Jae-hee] On the 28th, both the KOSPI and KOSDAQ started higher, but the KOSPI showed mixed trends with repeated fluctuations, while the KOSDAQ turned downward. This is interpreted as a result of continued simultaneous selling by foreigners and institutions.
As of 9:30 a.m. on the 28th, the KOSPI was at 2642.03, up 0.11% (2.97 points) compared to the previous trading day. The KOSPI opened at 2656.54, up 0.66% (17.48 points) from the previous trading day.
Looking at investment trends, individuals alone bought stocks worth 153.8 billion KRW, while foreigners and institutions sold stocks worth 26.8 billion KRW and 132.5 billion KRW, respectively.
Among the top market capitalization stocks, Samsung Electronics (-0.62%), LG Energy Solution (-0.72%), Samsung Electronics Preferred (-0.17%), and Hyundai Motor (-0.27%) recorded declines. On the other hand, SK Hynix (0.46%), Samsung Biologics (2.84%), Samsung SDI (0.17%), Kakao (0.11%), LG Chem (4.10%), and Kia (0.36%) showed gains.
At the same time, the KOSDAQ index stood at 894.33, down 0.21% (1.85 points) from the previous trading day. The KOSDAQ index opened at 900.43, up 0.47% (4.25 points), but gave up all gains and turned downward. Regarding investment trends, individuals alone bought stocks worth 157.1 billion KRW, while foreigners and institutions sold stocks worth 118.3 billion KRW and 28.6 billion KRW, respectively.
The top market capitalization stocks in the KOSDAQ market also showed mixed trends. EcoPro BM (-0.40%), L&F (-1.49%), Pearl Abyss (-9.57%), Lino Industrial (-0.39%), and CJ ENM (-0.24%) recorded declines, while Celltrion Healthcare (1.30%), Kakao Games (1.35%), Celltrion Pharm (1.57%), HLB (0.51%), and Chunbo (0.70%) showed gains.
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Seo Sang-young, a researcher at Mirae Asset Securities, analyzed, "Considering expectations for China's economic stimulus announcement and the full-scale earnings season, individual stocks are expected to show strength. However, the weak won trend may act as a negative factor for foreign demand, which could burden our stock market."
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