KOSPI, Intraday Net Buying by Institutions and Foreigners... Approaching the 2600 Level

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The KOSPI index is showing strength during the session, supported by net buying from institutions and foreigners.

As of 10:25 AM on the 20th, the KOSPI index is trading at 2596.10, up 27.64 points (1.07%) from the previous day.

By investor type, institutions and foreigners are net buyers of 237.5 billion KRW and 201.3 billion KRW respectively, while individuals are net sellers of 422.1 billion KRW. In the futures market, institutions and individuals are net sellers of 474.3 billion KRW and 38.2 billion KRW respectively, while foreigners are net buyers of 506.7 billion KRW.

The New York stock market closed higher the previous day, influenced by expectations of a soft landing for the economy and remarks from U.S. Federal Reserve (Fed) officials about the possibility of interest rate cuts. Expectations for dovish policies from major central banks also boosted the stock market. This influence led the domestic market to start on an upward trend.

By sector, all sectors are showing strength. Machinery is up 3.34%, transportation and warehousing 2.67%, transportation equipment 1.76%, securities 1.36%, finance 1.20%, manufacturing 1.09%, non-metallic minerals 1.18%, chemicals 1.01%, pharmaceuticals 1.07%, insurance 0.98%, and electrical and electronics 0.91%.

Most of the top market capitalization stocks are also strong. Samsung Electronics is up 0.68%, SK Hynix 1.30%, LG Energy Solution 1.06%, Samsung Biologics 0.71%, POSCO Holdings 0.30%, Hyundai Motor 2.71%, and Kia 2.24%. On the other hand, NAVER is down 0.22%.

The KOSDAQ market is also strong. At the same time, the KOSDAQ index is trading at 863.43, up 5.13 points (0.60%) from the previous day. By investor type, institutions and individuals are net buyers of 19 billion KRW and 26.8 billion KRW respectively, while foreigners are net sellers of 25.8 billion KRW.

The KOSDAQ index’s weaker upward trend compared to the KOSPI is analyzed to be due to cautious sentiment regarding the announced revision of major shareholder capital gains tax requirements scheduled for release that day.

Top market capitalization stocks are mixed. Ecopro BM is up 0.47%, POSCO DX 0.19%, L&F 3.41%, HPSP 3.07%, and JYP Ent. 0.48% are strong. Conversely, Ecopro is down 1.23%, HLB -0.91%, and Alteogen -0.41% are weak.

Meanwhile, in the Seoul foreign exchange market, the won/dollar exchange rate is trading at 1300.8 won, down 7 won from the previous day.

This content was produced with the assistance of AI translation services.