Foreigners and Institutions Buy... KOSPI Surpasses 3150 Level in Early Trading

KOSDAQ Continues Upward Trend

[Image source=Yonhap News]

[Asia Economy Reporter Gong Byung-sun] The KOSPI is showing a firm upward trend in the early trading session, supported by foreigners and institutions. The KOSDAQ, which surpassed the 1000 mark the previous day, also continued its upward momentum.

On the 13th, the KOSPI opened at 3,138.32, up 0.08% (2.62 points) from the previous trading day. At 9:10 a.m., it even recorded 3,150.34.

Foreigners and institutions are leading the early gains. Foreigners and institutions bought 48.7 billion KRW and 37.4 billion KRW respectively. Individuals sold 87 billion KRW.

Many sectors rose. The telecommunications sector had the largest gain at 2.45%. This was followed by distribution (1.55%), chemicals (1.14%), paper and wood (1.13%), and transportation equipment (1.04%). On the other hand, securities (-0.44%), food and beverage (-0.23%), non-metallic minerals (-0.18%), services (-0.14%), and finance (-0.09%) declined.

Most of the top 10 market capitalization stocks rose. Samsung SDI had the largest increase at 3.51%. This was followed by LG Chem (1.71%), SK Hynix (1.09%), Hyundai Motor (0.88%), Kia (0.83%), and Samsung Electronics (0.60%). NAVER (-0.65%) and Celltrion (-0.16%) fell. Samsung Biologics and Kakao remained flat.

At the same time, the KOSDAQ opened at 1,001.00, up 0.03% (0.35 points) from the previous trading day. It appears to be continuing the upward trend after closing above 1000 for the first time in 20 years and 7 months the day before.

Unlike the KOSPI, individuals are creating a firm upward trend in the early session. Individuals were net buyers of 51.4 billion KRW. Foreigners and institutions were net sellers of 34.6 billion KRW and 13.2 billion KRW respectively.

Again, many sectors rose. The paper and wood sector had the largest gain at 2.36%. This was followed by medical and precision instruments (1.11%), broadcasting services (0.82%), general electrical and electronics (0.70%), and digital content (0.64%). Finance (-1.42%), construction (-0.97%), other manufacturing (-0.81%), telecommunications services (-0.31%), and transportation equipment and parts (-0.29%) declined.

The top 10 market capitalization stocks showed mixed results. Alteogen had the largest decline at -1.93%. This was followed by HL Biopharma (-1.00%), Celltrion Healthcare (-0.46%), Celltrion Pharm (-0.41%), and SK Materials (-0.27%). On the other hand, the biggest gainer was Kakao Games with 2.74%. This was followed by EcoPro BM (1.72%), Studio Dragon (1.24%), and Seegene (0.34%). Pearl Abyss remained flat.