Foreigners Net Buyers in Morning Gift Market
Hyundai and Kia Show Remarkable Gains Again Today
On the 21st, when the KOSPI index started with a slight rise, dealers were working in the dealing room of Hana Bank in Euljiro, Seoul. Photo by Moon Honam munonam@
[Asia Economy Reporter Hwang Yoon-joo] On the morning of the 28th, the KOSPI and KOSDAQ market conditions are showing contrasting trends. While the KOSPI maintains an upward trend, the KOSDAQ market has turned downward.
As of 10:12 AM, the KOSPI is trading at 2412.89, up 0.46% (10.97 points) from the previous day. The KOSPI index started the morning session at 2405.20, up 0.14% (3.28 points), and has maintained a steady upward momentum throughout the morning.
Currently, foreigners and institutions are net selling 52.5 billion KRW and 55.3 billion KRW respectively on the KOSPI. Individuals are net buying 107 billion KRW. Foreigners are selling in the spot market but buying in the futures market.
Among the top 10 stocks by market capitalization, only LG Energy Solution (-0.49%) is declining, and SK Hynix is unchanged. The rest are all rising. Continuing from yesterday, Hyundai Motor (+1.91%) and Kia (+0.99%) show the most notable gains.
By industry sector, only Electric Gas (-1.47%), Textile Apparel (-0.59%), Services (-0.37%), Securities (-0.04%), and Telecommunications (-0.10%) are declining.
As of 10:23 AM, the KOSDAQ is at 770.14, up 0.07% (0.57 points) from the previous day. The KOSDAQ opened at 770.69, up 0.01% (0.09 points), showed mixed movements, and is now trending downward.
Foreigners are net selling 175.9 billion KRW, pulling the index down. Although individuals and institutions are net buying 177 billion KRW and 2.5 billion KRW respectively, it is insufficient to offset the decline.
Among the top 10 stocks by market capitalization, HLB has turned unchanged. Celltrion Healthcare (-1.31%), EcoPro BM (-5.37%), Celltrion Pharm (-0.77%), and Alteogen (-0.66%) are declining. Meanwhile, L&F (+2.68%), Kakao Games (+0.39%), Pearl Abyss (+0.93%), Chunbo (+0.04%), and CJ ENM (+0.72%) are rising.
In terms of sector performance, General Electric & Electronics (-2.42%) showed the largest decline, with the drop widening. This was followed by Entertainment/Culture (-1.31%), Pharmaceuticals (-0.93%), Distribution (-0.69%), Telecommunication Services (-0.67%), Food & Tobacco (-0.35%), and Telecommunication Equipment (-0.43%). The number of declining sectors has increased compared to the early session.
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