KOSPI Holds Steady Around 2620... Institutions Sell Over 300 Billion Won

[Image source=Yonhap News]

[Asia Economy Reporter Myunghwan Lee] On the afternoon of the 18th, the KOSPI is maintaining a flat trend in the market. Institutions, which showed buying pressure in the previous day’s securities market, are net selling around 300 billion KRW. Individuals and foreigners are countering this by net buying.

As of 1:56 PM, the KOSPI is at 2620.98, up 0.02% (0.54 points) from the previous trading day. The KOSPI opened at 2634.75, up 0.55% (14.31 points) from the previous day, and rose nearly 1%, but the upward momentum sharply slowed and turned flat. By market participants, individuals and foreigners are net buying 129.2 billion KRW and 171.4 billion KRW respectively, while institutions are selling 318.7 billion KRW worth.

The foreign net buying in the securities market is estimated to be influenced by the sharp rise in semiconductor stocks in the US stock market the previous day. Ji-young Han, a researcher at Kiwoom Securities, analyzed the domestic stock market, stating, "The fact that semiconductor stocks such as Micron and AMD surged together in the US stock market yesterday is expected to have a positive impact on foreign demand surrounding domestic semiconductor stocks and overall large-cap stocks."

Looking at the top market capitalization stocks, Samsung Electronics is trading at 67,900 KRW, up 0.44% (300 KRW) from the previous day. ▲LG Energy Solution (0.37%) ▲SK Hynix (1.33%) ▲Samsung Biologics (2.61%) ▲Samsung Electronics Preferred (1.50%) ▲Naver (NAVER) (0.18%) ▲Samsung SDI (1.69%) ▲LG Chem (1.39%) are all rising. Hyundai Motor (-0.27%) and Kakao (-0.60%) are declining.

By KOSPI sectors, Textile & Apparel (3.00%) and Pharmaceuticals (1.24%) are rising. Machinery (-2.26%), Construction (-1.98%), and Telecommunications (-1.62%) are falling.

At the same time, the KOSDAQ index is at 870.25, up 0.49% (4.27 points) from the previous trading day. The KOSDAQ opened at 872.19, up 0.72% (6.21 points) from the previous day, but gave up some of the gains. By investor type, individuals alone are buying 149.3 billion KRW, while foreigners and institutions are selling 54.8 billion KRW and 90.5 billion KRW respectively.

Among the top market capitalization stocks on KOSDAQ, HLB is trading at 52,300 KRW, up 14.44% (6,600 KRW) from the previous day, along with ▲EcoPro BM (2.02%) ▲L&F (3.69%) ▲Celltrion Healthcare (1.09%) ▲Kakao Games (0.53%) showing upward trends. On the other hand, Pearl Abyss (-2.69%) and Celltrion Pharm (-1.29%) are declining.

By sector, Transportation Equipment & Parts (5.46%), Other Manufacturing (3.63%), and Transportation (3.49%) are rising. Conversely, Construction (-1.39%) and Medical & Precision Instruments (-1.05%) are falling.

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