KOSPI Turns Up from Flat Range... Foreign Investors Resume Buying
On the 14th, dealers are working in the dealing room of Hana Bank in Euljiro, Seoul. On this day, the KOSPI index opened at 2316.41, down 12.20 points (0.52%) from the previous session. The won-dollar exchange rate started at 1306.5 won, down 0.4 won. Photo by Moon Honam munonam@
View original image[Asia Economy Reporter Myung-hwan Lee] On the afternoon of the 14th, the domestic stock market is showing a slight upward trend within a flat range. The KOSPI, which had retreated to the low 2300s due to the impact of the US June Consumer Price Index (CPI) exceeding market expectations in the early session, is rebounding. Foreign investors, who were selling in the morning session, have turned to net buying.
As of 1:50 PM, the KOSPI is at 2,337.58, up 0.39% (8.97 points) from the previous trading day. The KOSPI opened down 0.52% (12.20 points) at 2,316.41, and although it fell nearly 0.8% compared to the previous day at one point, the decline has gradually narrowed and it is now showing a slight upward trend.
By investor type, individuals and foreigners are net buyers of 43.6 billion KRW and 39.4 billion KRW respectively, while institutions are the sole sellers with 85.1 billion KRW sold. Foreign investors, who were net sellers in the morning session, have turned to buying in the afternoon.
Among the top market capitalization stocks on the Korea Exchange, stocks related to secondary batteries are showing notable gains. Samsung SDI is trading at 547,000 KRW, up 3.60% (19,000 KRW) from the previous day. LG Chem (2.71%) and LG Energy Solution (0.25%) are also rising. Semiconductor stocks such as Samsung Electronics (0.34%) and SK Hynix (1.49%) are also up. Meanwhile, Naver (NAVER) (-1.26%), Samsung Biologics (-0.72%), and Hyundai Motor (-0.54%) are declining.
By industry, chemicals (1.39%), medical precision instruments (1.27%), and non-metallic minerals (1.03%) are rising, while telecommunications (-0.87%) and pharmaceuticals (-0.87%) are slightly down.
At the same time, the KOSDAQ index is at 766.46, up 0.43% (3.28 points) from the previous trading day. The KOSDAQ opened at 762.54, down 0.08% (0.64 points) from the previous day, fluctuated, and is now rising within a flat range. By investor type, individuals are the sole buyers with 98.8 billion KRW, while foreigners and institutions are selling 54.7 billion KRW and 27.9 billion KRW respectively.
Among the top market capitalization stocks on the KOSDAQ, Studio Dragon is trading at 76,200 KRW, up 3.39% (2,500 KRW) from the previous day. Kakao Games (1.78%), L&F (1.76%), and Alteogen (1.72%) are also rising. On the other hand, HLB is down sharply, trading at 41,850 KRW, down 5.32% (2,350 KRW) from the previous day. EcoPro BM (-3.92%) and Celltrion Healthcare (-2.88%) are also declining.
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By KOSDAQ industry, entertainment culture (2.43%), paper & wood (2.40%), and publishing & media replication (1.65%) are rising, while distribution (-1.46%) and transportation equipment & parts (-1.27%) are falling.
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