KOSPI Gains Strength During Session as Foreign and Institutional Investors Buy Amid US Optimism
The KOSPI index is showing strength during the session, supported by buying from institutions and foreigners.
As of 10:08 AM on the 19th, the KOSPI index is trading at 2,534.83, up 19.43 points (0.77%) from the previous day.
By investor type, institutions and foreigners are net buyers with 174.2 billion KRW and 219.3 billion KRW respectively, while individuals are net sellers with 382.8 billion KRW. In the futures market, foreigners are showing net buying of 288.8 billion KRW. Program trading shows a net purchase of 88.5 billion KRW combining arbitrage and non-arbitrage trades.
By sector, most industries are showing strength. The electrical and electronics sector is up 1.52%, paper and wood 1.41%, construction 1.15%, insurance 1.26%, services 0.85%, manufacturing 0.81%, and machinery 0.82%. On the other hand, steel and metals are down 0.53%, food and beverages -0.27%, and textiles and apparel -0.23%.
Top market capitalization stocks are showing mixed movements. Samsung Electronics and SK Hynix, influenced by the rise in the Philadelphia Semiconductor Index in the US the previous day, are up 2.87% and 3.95% respectively. Samsung SDI, Hyundai Motor, and NAVER are also showing strength. Conversely, LG Energy Solution is down 1.25%, Samsung Biologics -0.13%, and LG Chem -0.99%.
The KOSDAQ index is also strong. The KOSDAQ index, which started the day higher, is trading at 839.2, up 3.31 points (0.4%) from the previous day at the same time.
By investor type, institutions and individuals are net buyers with 13.5 billion KRW and 22.2 billion KRW respectively, while foreigners are net sellers with 29.2 billion KRW.
Top market capitalization stocks are showing mixed movements. EcoPro BM and EcoPro are down 2.59% and 4.96% respectively, and L&F is also down 5.15%. JYP Ent. and SM Entertainment fell by 3.09% and 1.62% respectively. On the other hand, Celltrion Healthcare is up 1.8%, HLB 0.14%, and Celltrion Pharm 3.16%.
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Meanwhile, at the same time in the Seoul foreign exchange market, the KRW/USD exchange rate is trading at 1,331.3 KRW, down 2.9 KRW from the previous day.
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