KOSPI Maintains Uptrend Amid Afternoon Fluctuations... KOSDAQ Sees Strong Institutional Buying Pressure

On the 27th, when the KOSPI and KOSDAQ indices plunged by over 2%, dealers were working in the dealing room of Hana Bank in Euljiro, Seoul. The U.S. stock market sharply declined due to concerns over a slowdown in the economic recession and earnings uncertainty among big tech companies, which appears to have caused a chain reaction. Photo by Moon Honam munonam@

[Asia Economy Reporter Hwang Yoon-joo] On the afternoon of the 3rd, the KOSPI index has been fluctuating repeatedly. The KOSDAQ continues its solid upward trend supported by strong 'net buying' from institutions. Foreigners and institutions show clear differences in supply and demand between the two major indices.

As of 2:12 PM, the KOSPI has been fluctuating every 10 and 30 seconds. After fluctuating in the morning following the opening, the index showed an upward trend but the increase narrowed slightly in the afternoon, and it is struggling to maintain the upward momentum.

The index seems to be supported by individuals and foreigners, while institutional selling pressure is increasing. The friction among investment entities in supply and demand appears to be affecting the index as well.

In the afternoon KOSPI market, individuals and foreigners are net buying 61.5 billion KRW and 93 billion KRW respectively. Foreigners turned to buying immediately after the market opened. On the other hand, institutions are net selling 143.9 billion KRW. Among institutions, financial investment (-143.9 billion KRW) and pension funds (-27.9 billion KRW) are selling strongly, and other financial institutions are also net selling -0.9 billion KRW. Investment trusts +17 billion KRW, private equity funds +18.8 billion KRW, and banks +0.1 billion KRW are buying.

In the afternoon, the number of declining stocks increased to 441, surpassing the 409 rising stocks.

Among the top market capitalization stocks, Samsung SDI stands out with a +2.78% rise. Kakao and Samsung Electronics are up +1.37% and +1.04%, respectively. SK Hynix has turned flat. Hyundai Motor (-2.14%), Kia (-1.30%), and LG Chem (-1.14%), which rose even during yesterday’s decline, are currently falling.

By sector, machinery shows a notable increase of +1.74%. Medical precision +0.83%, electrical and electronics +0.70%, services +0.45%, telecommunications +0.30%, and manufacturing +0.12% are also rising.

The KOSDAQ is currently at 909.09, up 7.30 points (0.81%) from the previous close as of 2 PM.

Institutions alone are buying 101.7 billion KRW, driving the index. Meanwhile, individuals and foreigners are net selling 54.5 billion KRW and 36.1 billion KRW, respectively. Specifically, financial investment +53.7 billion KRW, private equity funds +19.3 billion KRW, pension funds +15.6 billion KRW, investment trusts +10.8 billion KRW, and banks +0.2 billion KRW?all institutional investors are buying in the KOSDAQ market. This is the first time this year that all institutional investor groups are net buyers.

Among the top market capitalization stocks, EcoPro BM (+4.04%) has maintained a high rate of increase since the opening. L&F (+2.85%) and Rino Industrial (+2.63%) also show notable gains.

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