KOSPI, Institutions and Foreigners Net Sell... Intraday Sideways Trend

by Jang Hyowon

Published 22 May.2024 10:29(KST)

[Image source=Yonhap News]

The KOSPI index is moving within a narrow range as institutions and foreigners continue net selling.

As of 10:22 AM on the 22nd, the KOSPI index is trading slightly higher at 2,724.25, near the previous day's closing level.

By investor type, institutions and foreigners are net selling 80.9 billion KRW and 53.5 billion KRW respectively, while individuals are net buying 133.1 billion KRW. In the futures market, institutions are net buying 126.6 billion KRW, whereas foreigners and individuals are net selling 8.8 billion KRW and 68.4 billion KRW respectively.

Sector performance is mixed. Food and beverages are up strongly by 1.8%, machinery by 1.5%, construction by 1.0%, chemicals by 0.7%, telecommunications by 0.6%, medical precision by 0.6%, electrical and electronics by 0.4%, and manufacturing by 0.3%. On the other hand, insurance is down 3.4%, transportation and warehousing by 0.9%, and finance by 0.9%.

Among the top market capitalization stocks, performance is also mixed. Samsung Electronics remains near flat, while SK Hynix is up 1.2%. LG Energy Solution is up 0.8%, Samsung Biologics 0.2%, Hyundai Motor 0.4%, and Celltrion 0.4%. Conversely, Kia is down 0.6%, POSCO Holdings 0.6%, and KB Financial 1.7%.

The KOSDAQ index started higher but is narrowing its gains. It is trading at 848.71, up 0.26% from the previous day.

By investor type, institutions and individuals are net buying 4.5 billion KRW and 50.3 billion KRW respectively, while foreigners are net selling 28.4 billion KRW.

Among the top market capitalization stocks, more are rising. EcoPro BM is up 0.25%, and EcoPro is up 0.2%. Alteogen is up 4.5%, Enchem 3%, Lino Industrial 2%, and Rainbow Robotics 1.3%. Meanwhile, HLB is down 0.3%, and Celltrion Pharm is down 0.5%.