Ahead of US FOMC, KOSPI rises on individual and foreign net buying... KOSDAQ slightly down

[Image source=Yonhap News]

[Asia Economy Reporter Lee Jung-yoon] The domestic stock market showed mixed trends on the afternoon of the 26th. Ahead of the U.S. Federal Open Market Committee (FOMC) meeting scheduled for the 27th (local time), investors are taking a wait-and-see approach. The KOSPI index rose due to buying by individuals and foreigners, while the KOSDAQ index slightly declined.

As of 1:40 PM, the KOSPI index stood at 2410.27, up 6.58 points (0.27%) from the previous trading day. Individuals and foreigners net bought stocks worth approximately 16.3 billion KRW and 4.4 billion KRW respectively, driving the index upward, whereas institutions sold about 19.8 billion KRW worth of stocks.

Among the top market capitalization stocks, LG Energy Solution, which is set to have its lock-up shares released on the 27th, rose 2.17%. Following were LG Chem (1.62%), SK Hynix (0.50%), Samsung Electronics (0.49%), and Samsung SDI (0.36%) showing gains. On the other hand, NAVER (-1.41%), Kakao (-1.37%), Hyundai Motor (-0.51%), Samsung Biologics (-0.24%), and Kia (-0.24%) showed weakness.

By sector, construction led the gains with a 1.58% increase. Textile & apparel and paper & wood also rose by 1.44% and 1.12%, respectively. Meanwhile, service (-0.73%), insurance (-0.53%), finance (-0.49%), securities (-0.35%), and transportation equipment (-0.23%) sectors declined.

At the same time, the KOSDAQ index recorded 789.02, down 0.67 points (0.08%) from the previous trading day. The index fluctuated around the 790 level before showing a downward trend. Individuals bought stocks worth about 110.5 billion KRW to defend against the decline, but foreigners and institutions net sold stocks worth 82.4 billion KRW and 22.3 billion KRW, respectively.

Among the top market capitalization stocks on KOSDAQ, Alteogen rose the most, up 2.28%. Following were L&F (2.07%), Kakao Games (1.42%), Celltrion Healthcare (0.29%), and HLB (0.12%). Meanwhile, Pearl Abyss (-1.89%), Cheonbo (-1.32%), Studio Dragon (-1.31%), EcoPro BM (-0.51%), and Celltrion Pharm (-0.24%) showed weakness.

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