KOSPI Gains Strength as Institutional and Foreign Buyers Surge During Trading Session

by Jang Hyowon

Published 11 Jul.2023 10:07(KST)

The KOSPI index is showing strength, supported by buying from institutions and foreigners.

[Image source=Yonhap News]

As of 9:56 a.m. on the 11th, the KOSPI index is trading at 2550.80, up 30.17 points (1.20%) from the previous day. By investor type, institutions and foreigners are net buyers of 102.7 billion KRW and 49.7 billion KRW respectively, while individuals are net sellers of 144.4 billion KRW.

In the futures market, institutions and individuals are net sellers of 237.7 billion KRW and 160.3 billion KRW respectively, whereas foreigners are net buyers of 400.8 billion KRW.

The previous day, the New York stock market was influenced by high expectations for solid economic fundamentals despite weak stock prices of big tech companies. As a result, economically sensitive sectors such as semiconductors, consumer discretionary, and the Russell 2000 index showed strength. This led to a positive start for the KOSPI index.

By sector, most sectors are showing strength. Machinery is up 2.44%, insurance 1.96%, pharmaceuticals 1.73%, chemicals 1.58%, services 1.39%, medical precision 1.29%, finance 1.3%, transportation equipment 1.24%, construction 1.32%, and manufacturing 1.16%.

Among the top market capitalization stocks, Samsung Electronics is up 1.29%, LG Energy Solution 0.36%, SK Hynix 1.0%, Samsung Biologics 2.97%, Samsung SDI 1.17%, LG Chem 0.15%, Hyundai Motor 0.49%, Kia 0.57%, and NAVER 1.14% are all showing strength. Meanwhile, POSCO Holdings is flat, and POSCO Future M is down 0.25%.

The KOSDAQ index is also strong. At the same time, the KOSDAQ index is trading at 873.90, up 13.41 points (1.56%) from the previous day. By investor type, institutions and foreigners are net buyers of 7.9 billion KRW and 52.2 billion KRW respectively, while individuals are net sellers of 56.8 billion KRW.

Among the top market capitalization stocks, EcoPro BM and EcoPro are up 2.63% and 2.49% respectively, Celltrion Healthcare 0.16%, L&F 0.64%, JYP Ent. 1.72%, HLB 3.49%, Pearl Abyss 4.03%, and POSCO DX 14.72% are mostly showing strength.