KOSPI Holds Above 5,500...Mixed After Opening Lower

KOSDAQ Extends Losses After Lower Open...Down 1.50%

The KOSPI opened lower right after the market opened but, amid a mixed performance, is holding above the 5,500 level. The KOSDAQ is on a downward trend.

On the 13th, at the dealing room of Hana Bank's head office in Seoul, an employee is monitoring the stock market and exchange rates as the KOSPI, having climbed above the 5,550 level intraday, remained flat. That day, the KOSPI opened at 5,513.7, down 0.16% from the previous close, and recorded an all-time high of 5,558.82 ten minutes after the opening. 226.2.13 Cho Yongjun, Reporter

As of 9:11 a.m. on the 13th, the KOSPI index was trading at 5,553.69, up 0.57% (31.42 points) from the previous day.

By investor type, foreign investors and institutions are net sellers of 108.916 billion won and 74.309 billion won, respectively, while individual investors are net buyers of 184.184 billion won. In the futures market, foreign investors are net buyers of 226.629 billion won, while individuals and institutions are net sellers of 89.969 billion won and 222.877 billion won, respectively.

By sector, the performance is mixed. The telecommunications sector is up 5.17%, while securities (+3.75%), insurance (+1.45%), electrical and electronics (+1.15%), and paper and wood (+0.81%) are also strong. In contrast, metals (-2.49%), distribution (-1.73%), transportation and storage (-1.67%), and general services (-1.49%) are weak.

Among large-cap stocks by market capitalization, most are declining except for a few names such as Samsung Electronics. Samsung Electronics is trading at 181,700 won, up 1.7% (3,100 won) from the previous day, surpassing the so-called "180,000 won Samsung Electronics" level. SK Hynix is trading at 890,000 won, up 0.2% (2,000 won). Mirae Asset Securities (+6.3%), Samsung Fire & Marine Insurance (+4.2%), and Samsung Life Insurance (+1.4%) are also strong.

On the other hand, Korea Zinc (-4.3%), LG Electronics (-3.4%), LG Energy Solution (-3.0%), Posco Future M (-2.6%), and Samsung C&T (-2.5%) are weak.

The KOSDAQ index is trading at 1,107.56, down 1.64% (18.15 points) from the previous day.

By investor type, foreign investors and institutions are net sellers of 62.717 billion won and 39.296 billion won, respectively, while individual investors are net buyers of 108.353 billion won.

By sector, most are weak. The machinery and equipment sector is down 2.31%, and most other sectors are also declining, including transportation equipment and components (-1.99%), electrical and electronics (-1.78%), finance (-1.74%), general services (-1.67%), metals (-1.57%), non-metallic minerals (-1.47%), and pharmaceuticals (-1.22%). In contrast, publishing and media replication (+2.44%) and textiles and apparel (+1.67%) are strong.

Among large-cap stocks by market capitalization, most are declining. Wonik IPS is down 17.9%, while Woori Technology (-9.3%), Hyundai Movex (-6.1%), EO Technics (-4.7%), EcoPro BM (-4.1%), and EcoPro (-3.4%) are also weak. In contrast, Eugene Technology is up 7.1%.