Foreigners Buying Alone, Insurance and Machinery Sectors Strong
Samsung Electronics and SK Hynix Slightly Firm
KOSDAQ Rises on Individual Buying... Entertainment Stocks Adjust
The KOSPI index reversed to an intraday rise.
As of 11:02 AM on the 28th, the KOSPI is trading at 2728.54, up 0.20% from the previous day. The KOSPI index started at 2715.52, down 7.47 points from the previous trading day, but buying pressure flowed in after the opening, pushing it above the previous closing price (2722.99) and reversing to an upward trend.
By investor type, foreigners are the sole buyers with purchases worth 28.9 billion KRW. In contrast, individuals sold 2.2 billion KRW, and institutions sold 19.7 billion KRW.
By sector, insurance (1.67%) and machinery (1.36%) are showing strength. On the other hand, service industries (-0.97%), steel and metals (-0.61%), and distribution (-0.64%) are generally weak.
428 stocks are rising, 434 stocks are falling, and 71 stocks are unchanged. Among the top 10 stocks by market capitalization, Samsung Electronics (0.78%), SK Hynix (0.25%), Hyundai Motor (0.75%), and Kia (0.65%) are slightly up. LG Energy Solution (-0.69%) and Samsung Biologics (-0.66%) are declining.
Last week, the U.S. stock market was closed for Memorial Day, a national holiday. European markets closed mostly higher, led by Germany and France. There was a growing sentiment in the market about a possible interest rate cut by the European Central Bank (ECB) in June.
The KOSDAQ index is trading at 851.07, up 3.08 points (0.36%) from the previous day.
By investor type, unlike the KOSPI, individuals are buying with net purchases of 55.8 billion KRW. Foreigners and institutions are net sellers with 13.9 billion KRW and 36.4 billion KRW, respectively.
794 stocks are rising, 726 stocks are falling, and 123 stocks are unchanged. Among the top market cap stocks, HLB (9.07%), HPSP (5.56%), and Soulbrain (10.70%) are showing strong performance. On the other hand, entertainment stocks, which were strong the previous day due to signs of lifting the 'Hanhanryeong' (THAAD-related restrictions), are all falling. SM (-5.22%), JYP Ent. (-2.48%), CJ ENM (-2.41%), and YG Entertainment (-2.60%) are giving back their gains.
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