KOSPI Slightly Rises to 2640 Level Amid Individual and Institutional 'Buying'
The KOSPI index is showing an upward trend due to buying pressure from individuals and institutions.
As of 9:18 AM on the 12th, the KOSPI index was trading at 2,643.55, up 2.39 points (0.09%) from the previous trading day. Individuals and institutions purchased approximately 10.5 billion KRW and 14.5 billion KRW worth of stocks respectively, while foreigners net sold stocks worth 22.2 billion KRW.
Among the top market capitalization stocks, LG Chem (0.93%), Samsung SDI (0.54%), and POSCO Holdings (0.51%) rose in that order. Conversely, Kia (-0.60%), SK Hynix (-0.33%), and Samsung Electronics (-0.14%) declined.
By sector, service industries (0.57%), chemicals (0.55%), telecommunications (0.48%), and steel & metals (0.32%) rose, while machinery (-0.99%), paper & wood (-0.97%), and transportation & warehousing (-0.70%) fell.
On the 9th (local time), the U.S. stock market closed higher ahead of the June Federal Open Market Committee (FOMC) regular meeting. The Dow Jones Industrial Average closed at 33,876.78, up 43.17 points (0.13%) from the previous day. The Standard & Poor's (S&P) 500 index rose 4.93 points (0.11%) to 4,298.86, and the tech-heavy Nasdaq index gained 20.62 points (0.16%) to close at 13,259.14. The S&P 500 index closed at its highest level since August of last year.
At the same time, the KOSDAQ index also showed an upward trend, recording 884.11, up 0.40 points (0.05%) from the previous trading day. Individuals bought about 101.3 billion KRW worth of stocks, while foreigners and institutions sold approximately 90.6 billion KRW and 0.9 billion KRW respectively.
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Among the top market capitalization stocks, L&F (2.20%), EcoPro (2.09%), and Pearl Abyss (2.05%) showed strong gains. Conversely, JYP Ent. (-1.30%), Celltrion Healthcare (-1.25%), and Celltrion Pharm (-0.84%) declined.
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