[Asia Economy Reporter Park Jihwan] On the 15th, the KOSPI maintained a steady stance around the '3250 level' amid simultaneous selling by foreigners and institutions.
On this day, the KOSPI opened at 3,253.17, up 1.04 points (0.03%) from the previous trading day (3,252.13). It continued to move within a narrow range during the morning session and even rose to the 3,260 level at one point. As of 10:46 a.m., it was trading at 3,254.81, up 3.59 points (0.11%) from the previous trading day.
By investor type, foreigners and institutions sold a net 162.7 billion KRW and 34.2 billion KRW, respectively. Individuals bought a net 195.8 billion KRW.
The top 10 stocks by market capitalization showed mixed movements. Samsung Electronics and SK Hynix rose by 0.50% and 1.18%, respectively. Samsung SDI also increased by 2.19%. On the other hand, NAVER (-0.65%) and Samsung Biologics (-1.06%) declined. LG Chem, which had recorded gains early in the session, turned negative with a -0.73% drop, while Hyundai Motor remained steady.
On the same day, the KOSDAQ opened at 998.05, up 0.64 points (0.06%) from the previous trading day (997.41). However, the index soon turned downward as selling pressure from foreigners and institutions increased. At the same time, the index was trading at 995.09, down 2.32 points (-0.23%) from the previous trading day.
The KOSDAQ also saw prominent selling by foreigners and institutions. Foreigners and institutions sold a net 109.4 billion KRW and 31.9 billion KRW, respectively. Individuals bought a net 149.2 billion KRW.
Among the top 10 stocks by market capitalization, Celltrion Pharm had the largest decline at -3.51%. Celltrion Healthcare (-1.62%), Kakao Games (-0.52%), and CJ ENM (-0.66%) also fell. Meanwhile, Pearl Abyss (1.09%), EcoPro BM (0.95%), and SK Materials (1.04%) rose.
Market experts analyze that for the KOSPI to rise further, attention must be paid to the supply and demand situation of foreign investors. Jeong In-ji, a researcher at Yuanta Securities, said, "The important resistance level is around 3,266, which was the previous session's high," adding, "If this price level is broken based on the closing price, it can be seen as overcoming the upper resistance of the box range." He analyzed, "Foreign investors are gradually forming buying momentum, but it cannot yet be considered a full-fledged buying phase."
Han Ji-young, a researcher at Kiwoom Securities, stated, "Major U.S. economic indicators such as retail sales, industrial production, and producer prices are being released intensively," and added, "The cautious sentiment surrounding these will affect foreign investors' supply and demand, thereby limiting the overall market's upside."
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