"KOSPI Rises, But Limited... FOMC and LG Energy Solution Listing Cap Gains"

Institutional and Individual Net Buying Momentum Maintained

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. Although they fluctuated between gains and losses in the early session, the perception of excessive decline has spread, maintaining the upward momentum.

As of 1:55 PM on the 26th, the KOSPI stood at 2725.84, up 0.2% (5.45 points) from the previous trading day. The KOSPI opened at 2729.75, up 0.34% (9.36 points) from the previous day, and fluctuated between the 2720 and 2730 levels without finding a clear direction, but it is currently maintaining a slight upward trend.

Lee Kyung-min, a researcher at Daishin Securities, analyzed, "While the perception of excessive decline has limited further drops in the KOSPI, the upcoming listing of LG Energy Solution on the 27th and the January FOMC meeting early tomorrow have led to cautious sentiment, resulting in a somewhat limited rebound in the KOSPI."

Looking at investors by type, foreigners are net buyers of futures, while institutions are net buyers of spot stocks. The slight decline in the won-dollar exchange rate, reflecting a stronger euro and weaker dollar, is believed to have increased foreign futures buying. Currently, institutions have purchased 27.4 billion KRW worth of spot stocks, individuals 133.7 billion KRW, while foreigners have sold 182.6 billion KRW worth alone.

Among the top market capitalization stocks, SK Hynix (0.42%), LG Chem (4.04%), Kakao (0.68%), Kia (0.52%), and KB Financial Group (3.5%) rose, while Samsung Electronics (-0.68%), NAVER (-2.64%), Samsung Biologics (-1.41%), and Hyundai Motor (-1.80%) declined.

At the same time, the KOSDAQ index stood at 897.22, up 0.87% (7.78 points) from the previous trading day. The index opened at 892.01, up 0.29% (2.57 points) from the previous day. The index fluctuated between gains and losses during the session but is currently showing an upward trend. Investor trends show foreigners and institutions bought stocks worth 18.4 billion KRW and 45.6 billion KRW respectively, while institutions alone sold 68.7 billion KRW net.

Among the top market capitalization stocks, Celltrion Healthcare (0.31%), EcoPro BM (0.76%), Kakao Games (3.76%), Wemade (10.57%), HLB (0.64%), and Celltrion Pharm (0.23%) rose, while Pearl Abyss (-1.77%), Seegene (-2.01%), and Chunbo (-0.28%) declined.