KOSPI Slightly Rises to 2570 Level on Individual and Institutional Buying Pressure...

by Lee Jungyun

Published 19 Apr.2023 09:25(KST)

KOSDAQ Falls 0.05%

The KOSPI index showed a slight upward trend as individuals and institutions recorded net buying dominance.

[Image source=Yonhap News]

As of 9:17 a.m. on the 19th, the KOSPI index was recorded at 2,572.88, up 1.79 points (0.07%) from the previous trading day. The index started at 2,570.06, down 1.03 points (0.04%), but then turned upward. Individuals and institutions each net bought about 31.7 billion KRW and 1 billion KRW respectively, while foreigners net sold about 30.1 billion KRW.

Among the top market capitalization stocks, POSCO Holdings (1.81%) and SK Hynix (0.11%) rose. Conversely, LG Chem (-1.58%), LG Energy Solution (-0.84%), Samsung SDI (-0.65%), and Samsung Biologics (-0.36%) declined.

By sector, paper & wood (6.29%), non-metallic minerals (2.59%), steel & metals (1.45%), and construction (1.28%) showed strength. Meanwhile, medical precision (-0.78%), electrical & electronics (-0.36%), chemicals (-0.34%), and pharmaceuticals (-0.30%) fell.

On the 18th (local time), the U.S. stock market remained flat amid corporate earnings announcements. The Dow Jones Industrial Average fell 10.55 points (0.03%) to 33,976.63, the large-cap S&P 500 index rose 3.55 points (0.09%) to 4,154.87, and the tech-heavy Nasdaq index closed down 4.31 points (0.04%) at 12,153.41.

At the same time, the KOSDAQ index slightly declined. It traded at 908.61, down 0.41 points (0.05%) from the previous trading day. Individuals alone bought about 122.8 billion KRW, while foreigners and institutions net sold about 109 billion KRW and 9 billion KRW respectively.

Among the top market capitalization stocks, Osstem Implant (0.32%), L&F (0.31%), Kakao Games (0.24%), and Celltrion Healthcare (0.14%) rose. EcoPro (-2.44%), HLB (-1.56%), EcoPro BM (-1.01%), and Celltrion Pharm (-0.45%) declined.