Institutional Net Buying Leads KOSPI and KOSDAQ to Start Higher Together

On the 26th, dealers were working in the dealing room of Hana Bank in Euljiro, Seoul. On that day, the KOSPI index opened at 2,929.75, up 9.36 points (0.34%) from the previous session. The won-dollar exchange rate started at 1,196.9 won, down 1.7 won. Photo by Moon Honam munonam@

[Asia Economy Reporter Minji Lee] The KOSPI and KOSDAQ indices are showing an upward trend in early trading. This is analyzed to be due to bargain hunting following the sharp decline the previous day.

At 9:11 a.m. on the 26th, the KOSPI stood at 2737.60, up 0.63% (17.21 points) compared to the previous trading day. The KOSPI opened at 2729.75, up 0.34% (9.36 points) from the previous day, and is expanding its gains. Looking at investor trends, individual investors alone bought stocks worth 87 billion KRW, while individuals and foreigners sold stocks worth 40.5 billion KRW and 43.8 billion KRW respectively.

Among the top market capitalization stocks, Samsung Electronics traded at the same price as the previous closing price (74,000 KRW). SK Hynix (0.85%), LG Chem (2.18%), Samsung SDI (0.16%), Kia (0.39%), and KB Financial Group (1.75%) rose, while NAVER (-1.71%), Samsung Biologics (-0.77%), and Hyundai Motor (-1.03%) declined.

At the same time, the KOSDAQ index stood at 895.12, up 0.64% (5.68 points) from the previous trading day. The index opened at 892.01, up 0.29% (2.57 points) from the previous day, and after fluctuating between gains and losses in early trading, it is continuing an upward trend. Looking at investor trends, foreigners and institutions bought stocks worth 14 billion KRW and 14.7 billion KRW respectively, while individual investors sold stocks worth 29.4 billion KRW alone.

Among the top market capitalization stocks, Celltrion Healthcare (0.47%), L&F (0.21%), Kakao Games (0.58%), Wemade (5.37%), HLB (1.28%), and Celltrion Pharm (0.47%) rose, while EcoPro BM (-0.07%), Pearl Abyss (-0.39%), Seegene (-0.34%), and Chunbo (-1.21%) declined.

Seosangyoung, a researcher at Mirae Asset Securities, explained, “In the U.S. stock market the previous day, despite issues such as the Ukraine situation and the FOMC, the possibility of a shift to an earnings-driven market appeared,” adding, “The domestic stock market is also expected to show a market that starts with a slight rise and then strengthens mainly in stocks with high expectations for earnings improvement.”