Mixed Trends in KOSPI... Intraday Shift to Decline Observed

KOSDAQ Continues Upward Trend

[Image source=Yonhap News]

[Asia Economy Reporter Gong Byung-sun] While individuals are buying, foreigners and institutions are selling off, causing the KOSPI to fluctuate slightly.

As of 1:30 PM on the 12th, the KOSPI recorded 3135.87, up 0.13% (3.99 points) from the previous trading day. It had turned downward earlier at 11:49 AM, recording 3127.91.

The buying power of individuals is stronger than that of foreigners and institutions. Individuals net purchased 586 billion KRW. In contrast, foreigners and institutions net sold 315.9 billion KRW and 283.6 billion KRW, respectively.

Sector indices showed mixed results. Non-metallic minerals had the largest gain at 2.64%. This was followed by chemicals (1.63%), telecommunications (1.13%), textiles and apparel (0.78%), and finance (0.72%). On the other hand, the largest decline was in medical precision at -3.05%, followed by steel and metals (-0.82%), machinery (-0.66%), electrical and electronics (-0.55%), and construction (-0.49%).

The top 10 market capitalization stocks also showed mixed price movements. SK Hynix had the largest drop at -2.14%, followed by Samsung SDI (-1.21%), Hyundai Motor (-1.09%), Celltrion (-0.32%), and Samsung Electronics (-0.24%). Conversely, Samsung Biologics (0.91%), LG Chem (0.62%), and NAVER (0.26%) rose. Kakao and Kia remained flat.

At the same time, the KOSDAQ recorded 997.13, up 0.78% (7.74 points) from the previous trading day. At 1:34 PM, it reached 997.50, approaching the 1000 mark.

The KOSDAQ also saw stronger buying by individuals compared to selling by institutions and foreigners. Individuals net purchased 60.6 billion KRW, while institutions and foreigners net sold 32.5 billion KRW and 9.1 billion KRW, respectively.

Almost all sectors rose. Paper and wood had the largest gain at 3.69%, followed by general electrical and electronics (2.88%), other manufacturing (2.49%), pharmaceuticals (1.91%), and construction (1.30%). Conversely, publishing and media duplication (-0.87%), broadcasting services (-0.76%), computer services (-0.75%), transportation equipment and parts (-0.75%), and telecommunications and broadcasting services (-0.55%) declined.

Most of the top 10 market capitalization stocks rose. EcoPro BM increased the most at 9.50%, followed by SK Materials (4.15%), Seegene (3.96%), Kakao Games (1.85%), Pearl Abyss (0.95%), Celltrion Healthcare (0.47%), Studio Dragon (0.19%), and Celltrion Pharm (0.14%). Alteogen (-3.26%) and HLB (-1.26%) fell.