KOSPI Strengthens on 11 Consecutive Trading Days of Net Foreign Buying Inflows

[Asia Economy Reporter Jang Hyowon] The KOSPI index is rising, supported by net buying from foreign investors.

As of 9:38 a.m. on the 27th, the KOSPI index is trading at 2479.06, up 10.41 points (0.42%) from the previous day.

On this day, the KOSPI index started 0.24% higher compared to the previous day. The New York stock market showed strength the day before as the possibility of a soft landing for the U.S. economy was highlighted, and Tesla led the rise by announcing net profits exceeding market expectations. It is interpreted that the domestic stock market was also positively influenced.

[Image source=Yonhap News]

Currently, foreign investors are leading the rise with net purchases of 236.1 billion KRW in the KOSPI. On the other hand, institutions and individuals are showing net sales of 70 billion KRW and 165.3 billion KRW, respectively. In program trading, there were net purchases of 3.1 billion KRW in arbitrage trading and 60.7 billion KRW in non-arbitrage trading.

By industry, transportation and warehousing are up 2.64%, machinery 1.83%, construction 1.29%, transportation equipment 1.03%, chemicals 0.75%, electrical and electronics 0.69%, manufacturing 0.52%, and insurance 0.35%. Conversely, textiles and apparel are down 1.14%, securities -0.46%, food and beverages -0.2%, and finance -0.21%.

Top market capitalization stocks show mixed movements. Samsung Electronics, ranked first in market cap, rose 1.1%, and LG Chem, Samsung SDI, Hyundai Motor, NAVER, Kakao, and Kia are strong, while LG Energy Solution fell 0.77%, SK Hynix -0.11%, and Samsung Biologics remained flat.

The KOSDAQ index is trading at 739.95, up 0.14% from the previous day. The KOSDAQ index also started in a strong flat zone, supported by the strength of the New York stock market. Looking at the current trends by investor type, institutions and foreigners are net sellers of 25.9 billion KRW and 64.1 billion KRW, respectively, while individuals are net buyers of 101.4 billion KRW.

Most of the top market capitalization stocks are weak. EcoPro BM fell 0.76%, Celltrion Healthcare -0.17%, L&F -0.24%, HLB -0.32%, Pearl Abyss -0.54%, and Osstem Implant -0.05%. On the other hand, Kakao Games rose 0.21%, Celltrion Pharm 0.15%, and JYP Entertainment 2.19% are strong.

Meanwhile, in the Seoul foreign exchange market, the won/dollar exchange rate is trading at 1228.7 won, down 0.16% (2 won) from the previous day.