KOSPI and KOSDAQ Rise on Institutional 'Buying'...Semiconductors Up, Automobiles Down

Securities company app, stock trading scene. Photo by Hyunmin Kim kimhyun81@

On the 29th, the Korean stock market opened higher, supported by institutional buying. In the KOSPI market, semiconductors are rising, while automobiles are showing weakness.

As of 9:03 AM, the KOSPI is at 2,670.69, up 0.54% (14.36 points) from the previous trading day. The KOSPI opened at 2,675.46, up 0.72% (19.13 points) from the previous close.

Institutions are driving the index with net purchases of 52 billion KRW. Individuals and foreigners are net selling 14.1 billion KRW and 18.8 billion KRW, respectively. In the futures market, foreigners alone are buying 292.1 billion KRW, while individuals and institutions are selling 170.8 billion KRW and 116.2 billion KRW, respectively.

Among the top 10 stocks by market capitalization, only Hyundai Motor (-0.60%) is declining. Celltrion is up 2.04%, POSCO Holdings +1.01%, LG Energy Solution +0.81%, Kia +0.68%, SK Hynix +0.56%, Samsung Electronics +0.39%, and Samsung Biologics +0.13% are all rising.

As of 9:11 AM, the KOSDAQ is trading at 865.55, up 1.01% (8.62 points) from the previous trading day. The KOSDAQ opened at 860.53, up 0.43% (3.71 points) from the previous close. Institutions alone are net buyers of 30.5 billion KRW, lifting the index. Individuals and foreigners are net sellers of 6.7 billion KRW and 18.7 billion KRW, respectively.

Among the top 10 stocks by market capitalization, only Ecopro BM (-0.21%), HLB (-0.45%), and Ecopro (-0.94%) are declining. However, Eotechno +6.68%, Alteogen +3.80%, and HPSP +3.23% are surging.