KOSPI Starts Higher, Returns to 2600 Level in a Day... Institutions Buy Alone

[Image source=Yonhap News]

[Asia Economy Reporter Myung-Hwan Lee] On the morning of the 20th, the KOSPI rose about 1%, returning to the 2600 level. In the stock market, institutions that had engaged in large-scale selling the previous day are showing net buying in the early session. The KOSDAQ index also started higher.

As of 9:15 a.m., the KOSPI stood at 2,618.18, up 25.84 points (1.00%) from the previous trading day. The KOSPI opened at 2,605.78, up 13.44 points (0.52%), and is gaining momentum. By investor type, individuals and foreigners are net sellers of 29.4 billion KRW and 10.3 billion KRW respectively, while institutions alone are buying 36.5 billion KRW worth of stocks.

Most of the top 10 stocks by market capitalization are rising. Samsung Electronics is trading at 68,100 KRW, up 0.89% (600 KRW) from the previous day. LG Chem is showing a large increase, trading at 520,000 KRW, up 3.59% (18,000 KRW). Others rising include ▲LG Energy Solution (2.17%) ▲SK Hynix (0.45%) ▲Samsung Biologics (0.38%) ▲Samsung Electronics Preferred (1.16%) ▲Samsung SDI (0.85%) ▲Hyundai Motor (1.92%) ▲Kakao (0.62%). Naver (NAVER) is down 0.74%, continuing its decline from the previous day.

By sector, steel and metals (2.11%), machinery (2.00%), and chemicals (1.54%) are rising, while textiles and apparel (-0.76%) are declining.

At the same time, the KOSDAQ index is at 871.07, up 7.27 points (0.84%) from the previous day. The KOSDAQ started at 866.76, up 2.96 points (0.34%), and is on an upward trend. By investor type, individuals are net buyers of 46.2 billion KRW alone. Foreigners and institutions are net sellers of 35.3 billion KRW and 8.9 billion KRW respectively.

Most of the top market capitalization stocks are rising. EcoPro BM, the leader of KOSDAQ, is trading at 489,100 KRW, up 3.01% (14,300 KRW) from the previous day. ▲L&F (2.82%) ▲Celltrion Healthcare (2.95%) ▲Kakao Games (1.43%) ▲Pearl Abyss (1.74%) ▲Cheonbo (1.27%) ▲Celltrion Pharm (2.17%) are also rising. HLB is down slightly by 0.1% from the previous day.

By KOSDAQ sector, metals (2.44%) and general electrical and electronics (2.36%) are rising, while only other manufacturing (-0.29%) is slightly down.

The securities industry advised paying attention to technology stocks and reopening stocks in the market today. Sang-Young Seo, Head of Media Content at Mirae Asset Securities, said, "Although the U.S. stock market fell about 1%, the rebound buying sentiment remains high, and the Nasdaq, centered on technology stocks, successfully turned to an intraday rise, which is positive." He added, "The Ukraine crisis entering a resolution mode through communication between the U.S. and Russia also raises expectations for the strength of reopening-related stocks in the Korean stock market."

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