KOSPI Recovers to 3,190 After Weak Start... KOSDAQ Continues to Decline
On July 25, both the KOSPI and KOSDAQ markets opened lower.
As of 9:14 a.m. on the same day, the KOSPI index stood at 3,193.10, up 0.08% from the previous trading day. The index started at 3,184.37, down 0.19% from the previous session, but soon reversed course and recovered to the 3,190 level.
By investor type, individuals and foreign investors are net buyers, purchasing 58.3 billion won and 20.9 billion won respectively, while institutions are net sellers, offloading 84.4 billion won on their own.
By sector, financials (1.67%), securities (1.32%), IT services (0.85%), machinery·equipment (0.57%), transportation·storage (0.37%), insurance (0.18%), paper·wood (0.14%), and telecommunications (0.10%) are showing gains in that order. In contrast, pharmaceuticals (-1.25%), textiles·apparel (-1.11%), electricity·gas (-1.04%), chemicals (-0.91%), construction (-0.51%), distribution (-0.47%), electrical·electronics (-0.45%), manufacturing (-0.39%), medical·precision equipment (-0.38%), and nonmetallics (-0.37%) are declining in that order.
Among the top market cap stocks, KB Financial Group, which achieved its highest-ever semiannual performance, is recording the largest gain at 6.40%. SK Hynix (0.74%), Hanwha Aerospace (0.21%), and Doosan Enerbility (0.46%) are also rising. On the other hand, Samsung Electronics (-0.61%), LG Energy Solution (-1.90%), and Samsung Biologics (-1.38%) are showing weakness.
At the same time, the KOSDAQ index is at 805.97, down 0.48% from the previous trading day. It started at 809.43, down 0.06% from the previous session, and then declined further. Foreign investors and institutions are selling 16.8 billion won and 42.8 billion won respectively, while individuals are buying 77.4 billion won.
Most sectors are declining. General services (-1.49%), transportation equipment·parts (-1.02%), chemicals (-1.01%), nonmetallics (-0.66%), construction (-0.56%), electrical·electronics (-0.51%), transportation·storage (-0.46%), manufacturing (-0.41%), food·beverage·tobacco (-0.38%), distribution (-0.33%), medical·precision equipment·pharmaceuticals (-0.32%), and textiles·apparel (-0.17%) are all falling. Only telecommunications (3.12%), IT services (0.55%), and paper·wood (0.47%) are rising.
Among the top 10 market cap stocks, HLB (1.31%), Rainbow Robotics (0.85%), and Hugel (2.22%) are gaining, while Alteogen (-2.41%), Ecopro (-0.92%), Peptron (-1.23%), Pharmaresearch (-1.90%), and LigachemBio (-1.79%) are showing weakness.
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Lee Sunghoon, a researcher at Kiwoom Securities, commented, "Today, the domestic stock market is expected to continue a differentiated trend without a clear index direction, as major companies such as Doosan Enerbility, Shinhan Financial Group, and HDC Hyundai Development Company announce their second-quarter earnings."
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