'Santa Rally' Boost... KOSPI Rises for Third Day, Settles Above 4,120
On December 23, the domestic stock market showed mixed movements in early trading. The KOSPI settled above the 4,120 level, supported by simultaneous net buying from foreign investors and institutions.
As of 9:20 a.m. on this day, the KOSPI was trading at 4,128.65, up 22.72 points (0.55%) from the previous day. Earlier, the index opened at 4,127.40, up 21.47 points (0.52%) from the previous session, and has maintained its upward trend.
While individual investors alone recorded net selling of 216.7 billion won, foreign investors and institutions posted net buying of 78.4 billion won and 151 billion won, respectively. In the KOSPI200 futures market, foreign investors purchased 267.4 billion won, while individuals and institutions sold 168 billion won and 136.3 billion won, respectively.
The majority of large-cap stocks on the KOSPI are trending higher. SK Hynix (2.24%), HD Hyundai Heavy Industries (1.56%), Samsung Electronics (1.36%), Hyundai Motor (1.04%), Doosan Enerbility (0.38%), Samsung Biologics (0.35%), Hanwha Aerospace (0.34%), and Kia (0.33%) are all showing gains. In contrast, KB Financial Group (-0.24%) and LG Energy Solution (-0.26%) are declining.
At the same time, the KOSDAQ was trading at 927.62, down 1.52 points (0.16%) from the previous day. The index had opened at 932.48, up 3.34 points (0.36%), but soon turned downward. While foreign investors recorded net selling of 78.9 billion won, individuals and institutions posted net buying of 111.6 billion won and 4.7 billion won, respectively.
Among large-cap stocks on the KOSDAQ, selling pressure is dominant. Rainbow Robotics (8.15%), Alteogen (1.14%), and HLB (0.65%) are rising, while Samchundang Pharm (-2.56%), Legochem Biosciences (-0.81%), Kolon TissueGene (-0.80%), Ecopro (-0.41%), ABL Bio (-0.32%), Peptron (-0.21%), and Ecopro BM (-0.19%) are declining.
By industry, life insurance (+3.09%), broadcasting and entertainment (+2.47%), and shipbuilding (+2.31%) are on the rise. On the other hand, other financials (-5.41%), venture capital (-5.32%), and non-ferrous metals (-1.97%) are falling.
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The won-dollar exchange rate edged up, approaching its yearly high, influenced by the continued weakness of the yen. In the Seoul foreign exchange market, the Korean won started at 1,480.0 per U.S. dollar, down 0.1 won, and has been fluctuating in the 1,480 won range.
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