KOSPI and KOSDAQ Start Slightly Higher... Individuals Are 'Buyers'

[Image source=Yonhap News]

[Asia Economy Reporter Kwon Jae-hee] The KOSPI and KOSDAQ indices started with slight gains.

As of 9:11 AM on the 9th, the KOSPI is at 2494.65, up 0.06% (1.55 points) from the previous trading day. The KOSPI opened at 2493.57, up 0.02% (0.47 points) from the previous day. Looking at investor trends, individual investors bought stocks worth 43.3 billion KRW alone, while foreigners and institutions sold stocks worth 35 billion KRW and 2.2 billion KRW, respectively.

Among the top market capitalization stocks, Samsung Electronics is trading at 60,000 KRW, down 1.32% from the previous day. Semiconductor stocks such as SK Hynix (-0.93%) and Samsung Electronics Preferred (-0.90%) are showing weakness. On the other hand, LG Energy Solution (2.46%), Samsung Biologics (0.22%), LG Chem (1.69%), NAVER (0.97%), Samsung SDI (1.51%), and Kakao (0.37%) are recording gains.

At the same time, the KOSDAQ index is at 832.67, up 0.22% (1.81 points) from the previous trading day. The KOSDAQ opened at 831.13, up 0.03% (0.27 points) from the previous day. Regarding investor trends, individual investors again bought stocks worth 53.4 billion KRW alone, while foreigners and institutions sold stocks worth 36.8 billion KRW and 14 billion KRW, respectively.

Among the top 10 KOSDAQ market capitalization stocks, all except Alteogen (-0.27%) are on the rise. These include Celltrion Healthcare (0.39%), EcoPro BM (0.99%), L&F (0.41%), HLB (1.90%), Kakao Games (3.15%), Pearl Abyss (1.64%), Celltrion Pharm (0.22%), EcoPro (5.21%), and WeMade (4.03%).

Han Ji-young, a researcher at Kiwoom Securities, analyzed, "Despite some favorable macro factors such as the slowdown in expected inflation in the U.S. and the decline in the USD/KRW exchange rate, cautious sentiment ahead of the U.S. Consumer Price Index (CPI) announcement on the 10th and weakness in semiconductor stocks will likely result in limited stock price movements."