KOSPI Around 2600 Slightly Weak... KOSDAQ on a Downtrend
On the 26th, the KOSPI index fluctuated around the 2600 level amid institutional buying and individual selling.
On the 26th, the KOSPI opened slightly higher, while the KOSDAQ opened slightly lower. Photo by Heo Younghan younghan@
View original imageAs of 10:30 AM that day, the KOSPI index was trading at 2598.05, down 0.82 points (-0.03%) from the previous trading day. The index opened at 2609.44, up 9.93 points (0.38%), but is currently showing mixed trends near the 2600 level. Institutions bought 139.6 billion KRW worth of stocks, while individuals sold 128.4 billion KRW worth. Foreigners are net sellers of about 10.9 billion KRW.
Among the top market capitalization stocks, Celltrion (1.40%), Naver (NAVER) (0.70%), Samsung Electronics Preferred (0.67%), Samsung Electronics (0.66%), Samsung Life Insurance (0.42%), and KB Financial Group (0.19%) rose. Conversely, POSCO Future M (-2.54%), POSCO Holdings (-1.46%), LG Chem (-0.82%), Samsung SDI (-0.67%), SK Hynix (-0.64%), and LG Energy Solution (-0.60%) declined.
By sector, pharmaceuticals (0.97%), textiles and apparel (0.86%), insurance (0.56%), food and beverages (0.33%), and finance (0.31%) are rising. Meanwhile, transportation and warehousing (-1.89%), steel and metals (-1.11%), chemicals (-1.03%), machinery (-0.60%), and medical precision (-0.53%) sectors are falling.
On the 22nd (local time) at the New York Stock Exchange (NYSE), the Dow Jones Industrial Average closed at 37,385.97, down 18.38 points (0.05%) from the previous session. The large-cap focused Standard & Poor's (S&P) 500 index rose 7.88 points (0.17%) to 4,754.63, and the tech-heavy Nasdaq index closed up 29.11 points (0.19%) at 14,992.97.
At the same time, the KOSDAQ index fell 7.00 points (0.82%) to 847.62. The index opened at 877.75, up 1.13 points (0.13%), but soon turned downward. Foreigners and institutions were net sellers of 58.0 billion KRW and 41.7 billion KRW respectively. Individuals bought 124.1 billion KRW.
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Among the top market capitalization stocks, POSCO DX (3.19%), Wemade (2.27%), Alteogen (1.48%), Soulbrain (1.85%), Celltrion Pharm (0.89%), and Rinogongup (0.40%) showed strength. Conversely, LS Materials (-9.74%), EcoPro (-3.89%), Lunit (-3.88%), HLB (-3.80%), EcoPro BM (-3.57%), and L&F (-3.07%) declined.
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