KOSPI Turns Upward During Session on Foreign Buying Pressure

by Jang Hyowon

Published 20 Sep.2023 09:59(KST)

[Image source=Yonhap News]

The KOSPI index, which started lower, turned to an intraday rise supported by foreign buying.

As of 9:51 AM on the 20th, the KOSPI index is trading at 2563.11, up 0.15% from the previous day. By investor type, institutions are net sellers with 56.4 billion KRW, while foreigners and individuals are net buyers with 32.5 billion KRW and 21.7 billion KRW respectively.

The KOSPI index, which started weak due to the previous day’s decline in the New York stock market amid rising inflation concerns, successfully reversed to an upward trend during the session as buying from foreigners and individuals flowed in.

By sector, transportation and warehousing is up 2.18%, transportation equipment 1.77%, paper and wood 0.79%, electric and gas utilities 0.73%, securities 0.4%, telecommunications 0.38%, and retail 0.16%, showing strength. On the other hand, medical precision is down 2.36%, pharmaceuticals -1.29%, and machinery -1.12%, showing weakness.

Among the top market capitalization stocks, performances are mixed. Samsung Electronics remains flat, while LG Energy Solution is up 0.4%, Hyundai Motor 3%, and Samsung SDI 1.25%, showing strength. Conversely, SK Hynix is down 1.01%, Samsung Biologics -0.69%, and POSCO Holdings -0.84%, showing weakness.

The KOSDAQ index continues its weakness. At the same time, the KOSDAQ index is trading at 881.13, down 0.31% from the previous day. By investor type, institutions and foreigners are net sellers with 18.1 billion KRW and 87.7 billion KRW respectively, while individuals are net buyers with 117.2 billion KRW.

Among the top market capitalization stocks, EcoPro BM and EcoPro are up 2.52% and 5.51% respectively, and L&F is also strong at 0.59%. On the other hand, Celltrion Healthcare is down 0.31%, POSCO DX -2.4%, HLB -3.78%, JYP Ent. -1.0%, and Alteogen -4.41% are declining.