KOSPI Maintains Uptrend on Foreign and Individual Buying Pressure

[Asia Economy Reporter Minji Lee] The KOSPI is maintaining an upward trend due to buying pressure from foreigners and individual investors.

[Image source=Yonhap News]

As of 10:12 AM on the 21st, the KOSPI stood at 3,133.96, up 0.65% (20.29 points) compared to the previous trading day. The KOSPI opened the day at 3,123.27, up 0.28% (8.72 points) from the previous close. Early in the session, the KOSPI showed an increase of over 1%, approaching the 3,150 level.

By investor type, foreigners and individuals bought stocks worth 58.5 billion KRW and 24.3 billion KRW respectively. Institutions sold stocks worth 70.5 billion KRW alone.

Among the top market capitalization stocks, Samsung Electronics traded at 86,900 KRW, down 0.34% from the previous day. Meanwhile, SK Hynix (0.77%), LG Chem (0.10%), NAVER (5.03%), and Samsung Biologics (0.13%) rose.

Companies related to Hyundai Motor and Kia Motors maintained an upward trend amid rumors of Apple Car production. Kia Motors recorded 90,900 KRW, up 3.77% from the previous day, while Hyundai Motor (1.35%), Hyundai Mobis (1.32%), and Hyundai Wia (8.36%) also rose.

At the same time, the KOSDAQ index stood at 978.53, up 0.09% (0.87 points) from the previous day. The index opened at 979.82, up 0.22% (2.16 points) from the previous day, maintaining its upward trend.

By investor type, individuals alone bought stocks worth 282.2 billion KRW. Institutions and foreigners sold stocks worth 113.6 billion KRW and 143.7 billion KRW respectively.

Most of the top market capitalization stocks in the KOSDAQ market showed a downward trend. These include Celltrion Pharm (-0.44%), HL Biopharma (-0.54%), Seegene (-2.41%), Alteogen (-1.29%), and EcoPro BM (-0.73%).

Seonghoon Seo, a researcher at Samsung Securities, said, “Recently, there has been an upward trend centered on cyclical stocks, while non-face-to-face related stocks that led the stock market rise last year have shown weakness. Given that the real economy is not showing a clear recovery, non-face-to-face related stocks such as internet platforms and media content will respond accordingly.”