Before the Bank of Korea Monetary Policy Committee, KOSPI and KOSDAQ Steady... Institutions Net Buyers After 3 Trading Days

[Image source=Yonhap News]

[Asia Economy Reporter Myung-hwan Lee] On the 13th, the domestic stock market is moving within a narrow range in the early session. It is presumed to be influenced by cautious sentiment ahead of the Bank of Korea's Monetary Policy Committee (MPC) meeting. Institutions, which had shown a net selling trend for consecutive sessions recently, are showing net buying for the first time in three trading days. Securities firms predicted that the market could show volatility as it focuses on the MPC results in the morning.

As of 9:30 a.m., the KOSPI is at 2,316.60, down 0.05% (1.16 points) from the previous day. The KOSPI opened at 2,324.45, up 0.29% (6.69 points), then the gains slowed and turned to a decline. By investor type, individuals and foreigners sold 32.1 billion KRW and 26.2 billion KRW respectively, while institutions alone are net buyers with 61.1 billion KRW.

Among the top market capitalization stocks, SK Hynix is showing a strong rise, trading at 95,400 KRW, up 2.25% (2,100 KRW) from the previous trading day. Hyundai Motor is also trading up 1.12%. Other gainers include ▲Samsung Electronics (0.17%), ▲Naver (0.43%), and ▲LG Chem (0.39%). On the other hand, LG Energy Solution (-1.50%), ▲Samsung Biologics (-0.72%), ▲Samsung Electronics Preferred (-0.38%), ▲Samsung SDI (-0.95%), and ▲Kia (-0.13%) are declining.

By sector, textiles and apparel (1.53%), food and beverages (1.00%), and transportation and warehousing (0.78%) are rising, while machinery (-1.60%), construction (-1.26%), and electric and gas utilities (-1.08%) are falling.

At the same time, the KOSDAQ index is at 748.63, down 0.29% (2.15 points) from the previous day. The KOSDAQ opened at 751.34, up 0.07% (0.56 points), but the upward momentum weakened and turned to a decline. By investor type, individuals and institutions are net buyers with 48.5 billion KRW and 4.2 billion KRW respectively, while foreigners are net sellers with 50.3 billion KRW.

Among the top market capitalization stocks on KOSDAQ, CJ ENM (3.31%), Alteogen (2.59%), and Pearl Abyss (1.30%) are showing notable gains. L&F (-1.24%) and EcoPro BM (-1.08%) are declining.

By sector on KOSDAQ, publishing and media replication (3.44%), broadcasting services (1.75%), and telecommunications and broadcasting services (1.43%) are leading gains. Metals (-2.49%), non-metals (-1.63%), and information devices (-1.52%) are declining.

Securities firms advised paying close attention to the Bank of Korea MPC results scheduled for the morning. Seosangyoung, Head of Media Content Division at Mirae Asset Securities, said on the 13th about the domestic stock market, "Attention should be paid to Governor Lee Chang-yong's press conference at the Bank of Korea MPC and the resulting won-dollar exchange rate and foreign demand, which will bring changes." He analyzed, "If Governor Lee Chang-yong's press conference shows a more hawkish stance than expected regarding the additional rate hike size and frequency, an expansion of volatility is inevitable."

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