KOSPI Stabilizes at 2320 Level... Foreigners and Institutions Expand 'Buying'

[Image source=Yonhap News]

[Asia Economy Reporter Hwang Yoon-joo] On the afternoon of the 1st, the KOSPI settled at the 2320 level, supported by supply and demand. Foreign investors and institutions have been expanding their 'buying' trend since the afternoon. The KOSDAQ shows weakening upward momentum compared to the morning.

As of 1:59 PM, the KOSPI is trading at 2321.20, up 1.20% (27.59 points) from the previous trading day. The KOSPI opened at 2301.58, up 0.35%, and at one point rose to 2331.15 (+1.64%). Institutions joined the 'buying' during the morning, pushing the index higher.

Foreign investors and institutions are net buying 374 billion KRW and 135 billion KRW respectively. In particular, foreign investors purchased 221 billion KRW in the futures market. On the other hand, foreign investors alone are net selling 522.8 billion KRW.

The top six market capitalization stocks are all rising. Samsung Electronics +0.51%, LG Energy Solution +5.11%, Samsung Biologics +0.34%, SK Hynix +0.36%, Samsung SDI +2.44%, LG Chem +10.06% are all on the rise. Meanwhile, Hyundai Motor (-0.61%) and Celltrion (-3.39%) are the only decliners. Naver and Kia are flat.

As of 2:16 PM, the KOSDAQ is at 696.38, up 0.15% (1.05 points) from the previous trading day. The upward momentum appears weaker than in the morning.

Individuals and institutions are supporting the index with net purchases of 26.2 billion KRW and 8.8 billion KRW respectively. Institutions alone are net selling 19.1 billion KRW. Foreign investors were 'selling' immediately after the market opened but turned to 'buying' during the morning and have been increasing their purchase volume.

Looking at the top market capitalization stocks, most are rising in order: Rino Industrial +1.32%, L&F +0.89%, Chunbo +0.18%, Kakao Games +0.13%. HLB fell 4.94%, marking the largest decline. Following are Celltrion Healthcare -2.73%, Celltrion Pharm -1.92%, and EcoPro -1.06%.

Lee Kyung-min, a researcher at Daishin Securities, said, "The U.S. after-hours futures turned positive, which positively affected investor sentiment," adding, "Large secondary battery-related stocks such as LG Energy Solution, LG Chem, and Samsung SDI are showing strength due to strong earnings, leading the KOSPI's rise."

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