KOSPI Turns to Foreigners' 'Buying' in the Morning... Samsung Electronics Rises Over 1%

KOSPI, Repeated Fluctuations in the Morning Followed by Uptrend
KOSDAQ Maintains Rise... Individuals Switch to 'Selling'
Top 10 Market Cap Samsung Group Stocks Expand Gains... Samsung Electronics Up 1.15%

[Image source=Yonhap News]

[Asia Economy Reporter Hwang Yoon-joo] On the morning of the 3rd, the KOSPI showed a rising trend as foreign investors switched to 'buying' after fluctuating. The KOSDAQ also slightly expanded its gains as institutional investors turned to 'buying'.

As of 10 a.m. on the 3rd, the KOSPI is at 2693.59, up 6.14 points (0.23%) from the previous trading day. Individual and foreign investors are net buying 124.1 billion KRW and 32.3 billion KRW, respectively. Foreign investors were 'selling' immediately after the market opened but switched to 'buying' during the morning. Meanwhile, institutions alone are net selling 149.4 billion KRW.

[Image source=Yonhap News]

Looking at the top market capitalization stocks, the gains of Samsung Group stocks, including Samsung Electronics, have increased. Samsung Electronics (+1.19%) saw its gains widen due to foreign buying. Currently, foreign investors are net buying 464.4 billion KRW. Samsung SDI is up 1.15%, and Samsung Biologics, which was flat right after the opening, is up 0.24%. Naver also rose from a decline to flat.

By sector, the largest declines are in Food & Beverage and Textile & Apparel, both down 1.35%. On the other hand, Machinery (+1.62%) and Electrical & Electronics (+1.06%) show notable gains.

As of 10:06 a.m., the KOSDAQ is up 8.68 points (0.96%) at 910.50. Institutions alone are net buying 33 billion KRW. Individuals and foreign investors are net selling 8.5 billion KRW and 17.4 billion KRW, respectively. Individuals were 'buying' immediately after the market opened but switched to 'selling' during the morning.

Among the top 10 market capitalization stocks, which were all rising right after the opening, Pearl Abyss turned to a decline of -0.15%. Celltrion Healthcare and HLB changed to flat. During the morning, EcoPro BM (+4.12%) and L&F (+3.12%) showed notable gains.

EcoPro BM's strength is attributed to strong earnings. In its first-quarter earnings announcement this morning, EcoPro BM reported provisional results with sales increasing 151.7% year-on-year to 662.4 billion KRW and operating profit rising 130.3% to 41 billion KRW. Net profit also jumped 120% to 30.4 billion KRW.

By sector, only Food & Beverage/Tobacco is down, by 0.77%.

Meanwhile, in the Seoul foreign exchange market today, the won-dollar exchange rate opened at 1267.2 won, up 2.1 won. However, it fell to 1263.4 won during the morning and is currently declining.

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