Only Individuals Sell Alone... Foreigners and Institutions Jointly Buy, KOSDAQ Up 1%

[Image source=Yonhap News]

[Asia Economy Reporter Lee Seon-ae] On the 5th, the domestic stock market started higher but is showing slight mixed trends depending on the index. The KOSPI remains slightly down, while the KOSDAQ maintains an increase of about 1%.

At 1:30 PM that day, the KOSPI was trading at 3,280.74, up 0.01% from the previous trading day. The KOSDAQ was trading at 1,059.27, up 1.08%.

Only individual investors are realizing profits alone. In both the KOSPI and KOSDAQ markets, net selling dominance is recorded at 185.3 billion KRW and 168.9 billion KRW, respectively. Foreign investors are net buyers in both markets, purchasing 1.6 billion KRW and 1.648 trillion KRW, respectively. Institutions are also recording net sales in both markets, showing net buying dominance of about 177 billion KRW and 8.7 billion KRW, respectively.

The strong sectors in the KOSPI are Textile & Apparel (+1.38%), Medical Precision Instruments (+1.29%), and Pharmaceuticals (+1.28%). The strong sectors in the KOSDAQ are Internet (+2.95%), Paper & Wood (+2.33%), and IT Components (+2.28%).

Kim Yumi, a researcher at Kiwoom Securities, said, "Since the beginning of the year until last July, foreign investors aggressively net sold more than 24 trillion KRW, but recently they have been net buying mainly semiconductor stocks. It is true that foreign investors' net selling was excessive, and we believe there is a high possibility that they will expand their weighting in the Korean stock market in the future. However, it is necessary to consider the possibility that the buying intensity may weaken today."