KOSPI Slightly Slows Upward Momentum, Moves Around 2360 Level... Institutions 'Buy'

[Image source=Yonhap News]

[Asia Economy Reporter Myunghwan Lee] On the morning of the 20th, the KOSPI's upward momentum slightly decreased. Institutional investors are buying more than 200 billion KRW in the KOSPI market.

As of 11:05 AM, the KOSPI is at 2365.66, up 0.42% (10.00 points) from the previous trading day. The KOSPI opened at 2373.64, up 0.76% (17.98 points), but the gain has somewhat narrowed.

In the KOSPI market, institutional investors are supporting the index by net buying 233.8 billion KRW alone. On the other hand, individual and foreign investors are selling 147.4 billion KRW and 92.9 billion KRW, respectively.

Among the top market capitalization stocks in the KOSPI, secondary battery-related stocks are rising. LG Energy Solution, which fell more than 5% the previous day, is trading at 480,000 KRW, up 0.52% (2,500 KRW) from the previous day. Samsung SDI is also on the rise, up 1.48%. Conversely, Samsung Electronics is trading at 56,100 KRW, down 0.53% (300 KRW), threatening the 56,000 KRW level. SK Hynix is also trading down 1.56%.

Most sectors are also on the rise. The indices for textiles and apparel (2.20%), transportation and warehousing (2.37%), and steel and metals (2.03%) are rising, while pharmaceuticals (-0.48%) are declining.

At the same time, the KOSDAQ index is at 759.22, up 0.97% (7.31 points) from the previous trading day. The KOSDAQ index started at 758.35, up 0.86% (6.44 points), and continues its upward movement.

In the KOSDAQ market, individual investors are selling 37.3 billion KRW alone. Institutional and foreign investors are net buying stocks worth 35.5 billion KRW and 3.6 billion KRW, respectively.

The top market capitalization stocks in KOSDAQ show mixed trends. EcoPro BM is trading at 102,400 KRW, up 2.40% (2,400 KRW), showing a strong upward trend. HLB (1.80%) and Kakao Games (0.66%) are also rising. Conversely, L&F (-1.43%) and Alteogen (-0.94%) are declining.

Most KOSDAQ sectors are also rising. Publishing and media replication rose sharply by 7.54%, while paper and wood (3.36%) and broadcasting services (3.08%) indices also rose more than 3%.

There is a forecast that the domestic stock market will show mixed trends by stock today. Sangyoung Seo, head of the Media Content Division at Mirae Asset Securities, analyzed, "Apple and Tesla showed strength in the U.S. stock market due to earnings expectations, raising optimism for related stock groups, which is favorable," adding, "In the domestic stock market, stocks expected to improve earnings are expected to rise."

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