KOSPI and KOSDAQ Rise on Individual Net Buying Pressure

[Asia Economy Reporter Minji Lee] The KOSPI and KOSDAQ indices are showing an upward trend as individual investors continue their net buying spree.

[Image source=Yonhap News]

As of 1:25 PM on the 13th, the KOSPI stood at 3,147.18, up 0.68% (21.23 points) from the previous trading day. The index initially rose to 3,164.21, marking a 1% increase early in the session, but the gains narrowed as institutional investors switched to net selling. Looking at investor trends, individuals alone purchased stocks worth 132.8 billion KRW, while institutions and foreigners sold stocks worth 118 billion KRW and 26.6 billion KRW, respectively.

Among the top market capitalization stocks, SK Hynix (1.94%), LG Chem (2.91%), Samsung SDI (0.81%), Celltrion (0.52%), and NAVER (3.13%) showed gains. Samsung Electronics (-0.66%), Hyundai Motor (-1.72%), and Samsung Biologics (-0.98%) declined.

At the same time, the KOSDAQ index rose 0.70% (6.77 points) to 980.49 compared to the previous trading day. The index initially fell to the 972 level early in the session but turned upward as individual net buying increased. By investor type, individuals purchased stocks worth 81.1 billion KRW. Foreigners and institutions sold stocks worth 12.6 billion KRW and 54.5 billion KRW, respectively.

Among the top market capitalization stocks, Celltrion Pharm (4.46%), Seegene (1.66%), Alteogen (0.13%), and EcoPro BM (0.69%) showed gains.

Seo Sang-young, a researcher at Kiwoom Securities, said, "The domestic stock market started higher based on the stabilization of U.S. Treasury yields, but as the decline widened mainly in semiconductors and automobiles, which had seen large gains, the stock index showed signs of turning downward. However, with a weaker dollar and rising international oil prices increasing risk asset preference, foreign investors' selling of spot stocks decreased, leading to a successful upward reversal."