Foreigners Continue Net Selling... Mixed Trends in Early KOSPI Trading Session

[Asia Economy Reporter Minji Lee] As foreign investors continue their net selling trend, the KOSPI is showing mixed movements in the early trading session. The KOSDAQ index is maintaining an upward buying trend from individuals and institutions.

At 9:16 a.m. on the 5th, the KOSPI stood at 2433.57, down 0.03% (0.76 points) from the previous trading day. The KOSPI opened at 2442.17, up 0.32% (7.84 points) from the previous day, then fluctuated between declines and gains as it searched for direction. Looking at investor trends, individuals bought stocks worth 84.5 billion KRW alone, and institutions net purchased stocks worth 8.1 billion KRW. Foreigners sold stocks worth 90.6 billion KRW on their own.

Among the top market capitalization stocks, Samsung Electronics is trading at 60,700 KRW, up 0.5% from the previous day. NAVER (2.43%) and Kakao (1.76%) rose, while LG Energy Solution (-1.54%), Samsung Biologics (-1.61%), SK Hynix (-0.24%), LG Chem (-1.55%), and Samsung SDI (-0.14%) declined.

The KOSDAQ index is at 737.20, up 0.58% (4.25 points) from the previous trading day. The index started the session at 736.45, up 0.48% (3.50 points) from the previous day, and is maintaining its upward momentum. Looking at investor trends, individuals are increasing their buying scale alone. Individuals bought stocks worth 29.5 billion KRW alone, institutions purchased stocks worth 1.8 billion KRW, and foreigners sold stocks worth 25.3 billion KRW on their own.

Among the top market capitalization stocks, most are maintaining an upward trend. Ecopro BM (0.27%), Celltrion Healthcare (0.16%), Kakao Games (1.9%), Ecopro (0.45%), Pearl Abyss (1.01%), L&F (0.34%), Celltrion Pharm (0.46%), and Cheonbo (1.23%) rose, while L&F (-1.45%) and HLB (-0.31%) declined.

Han Ji-young, a researcher at Kiwoom Securities, explained, “This week, the KOSPI is expected to continue its directional search phase as it digests the U.S. November employment data, influenced by U.S. producer prices, expected inflation indicators, China’s export-import data and quarantine easing policies, and supply-demand volatility due to the simultaneous expiration of futures and options.”