KOSPI Starts Flat... "Individual Stocks Market for the Time Being"
The domestic stock market started the day flat on the 1st.
As of 9:12 a.m., the KOSPI index stood at 2,558.75, up 2.48 points (0.10%) from the previous trading day. Foreigners and individual investors were net buyers of 26 billion KRW and 10.8 billion KRW respectively, while institutions were net sellers of 34.7 billion KRW.
Among the top market capitalization groups in the KOSPI market, Samsung Biologics (0.95%) and Samsung Electronics (0.75%) started slightly higher. On the other hand, LG Energy Solution (-2.21%), LG Chem (-1.20%), and Hyundai Motor (-1.06%) showed weakness.
Han Ji-young, a researcher at Kiwoom Securities, said, "Attention is focused on Korea's export-import indicators, and the market is expected to continue a stock-specific trend while attempting to recover the 20-week moving average (2,560 points). (Other than secondary batteries) the flow of funds is expected to diversify into other sectors until mid-month, which will be positive for the index."
At the same time, the KOSDAQ index was down 2.25 points (-0.24%) from the previous trading day at 926.15. Individual investors were net buyers of 127.5 billion KRW, while foreigners and institutions were net sellers of 104.9 billion KRW and 15.5 billion KRW respectively.
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Among the top market capitalization groups in KOSDAQ, secondary battery-related stocks such as EcoPro (-3.98%) and EcoPro BM (-2.62%) showed a simultaneous decline. On the other hand, Rainbow Robotics, which rose to 10th place in KOSDAQ market capitalization after hitting the daily limit yesterday, showed strength with a 4.62% rise in early trading today.
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