Foreigners' 'Net Buying' VS Institutions' 'Net Selling'... Battle for KOSPI 2500 Level

Published 14 Nov.2022 09:24(KST)

Updated 05 Mar.2023 16:25(KST)

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Foreigners' 'Net Buying' VS Institutions' 'Net Selling'... Battle for KOSPI 2500 Level

[Asia Economy Reporter Minji Lee] The KOSPI is showing an upward trend due to net buying by foreigners.

At 9:16 a.m. on the 14th, the KOSPI stood at 2491.03, up 0.32% (7.87 points) compared to the previous trading day. The KOSPI opened at 2485.18, up 0.08% (2.02 points) from the previous trading day. The won-dollar exchange rate started at 1316.0 won, down 2.4 won.

In the market, foreigners alone bought stocks worth 18.7 billion won, while individuals and institutions sold stocks worth 2.4 billion won and 14.8 billion won, respectively.

Looking at the top market capitalization stocks, Samsung Electronics and SK Hynix fell 0.16% and 0.64% compared to the previous trading day. On the other hand, Samsung Biologics (0.22%), LG Chem (1.49%), Samsung SDI (0.54%), Hyundai Motor (2.62%), and Kia (2.65%) rose.

At the same time, the KOSDAQ index stood at 730.30, down 0.12% (0.92 points) from the previous trading day. The KOSDAQ index opened at 732.29, up 0.15% (1.07 points) from the previous trading day, but turned downward due to net selling by institutions and foreigners. Regarding investor trends, individuals alone bought stocks worth 55 billion won, while foreigners and institutions sold stocks worth 47.1 billion won and 11 billion won, respectively.

Among the top market capitalization stocks, EcoPro BM (3.35%), L&F (1.73%), EcoPro (2.33%), and Chunbo (4.75%) rose, while Celltrion Healthcare (-1.82%), HLB (-1.16%), Kakao Games (-1.54%), Celltrion Pharm (-0.56%), Pearl Abyss (-1.08%), and Rino Industrial (-1.35%) fell.

Sangyoung Seo, a researcher at Mirae Asset Securities, said, “The continued trend of won appreciation is positive for foreign demand and favorable for the domestic stock market,” adding, “Considering that the KOSPI has risen more than 5% on a weekly basis, it will challenge the 2500 level and go through a process of digesting selling pressure.”