KOSPI maintained the 2,300 mark despite foreigners’ continued ‘selling’ streak, with low-price buying flowing into industries such as secondary batteries.
On the 27th, KOSPI closed at 2302.81, up 3.73 points (0.16%) from the previous trading day (2299.08). On this day, the index rose 12.51 points from the previous trading day and started at 2311.59, then broke the 2300 line at one point during the day. However, in the afternoon, it recovered to 2300 again as individuals and institutions actively began buying.
Kyeong-min Lee, a researcher at Daishin Securities, explained, “Recently, due to the perception that the drop was exaggerated, there was an influx of low-price buying forces, and it rebounded to 2321 in the morning.” He added, “In particular, the rebound in the secondary battery value chain, which was at the center of the expansion of price adjustments, was clearly visible.”
He added, “Except for rechargeable batteries, the recovery of industries is sluggish, and KOSPI gave up most of its gains in the afternoon and tested its support at the 2300 level, showing relative weakness compared to other Asian stock markets.”
On this day, foreigners made net sales worth 379.6 billion won in the stock market, while individuals and institutions bought 100.2 billion won and 222 billion won, respectively. Foreigners maintained a net selling trend for five consecutive trading days until this day.
By industry, electricity and gas (1.12%), medical precision (1.76%), steel and metal (0.80%), service (0.83%), securities (0.33%), manufacturing (0.28%), chemicals (0.36%), and telecommunications ( 0.34%) etc. rose. On the other hand, paper and wood (-9.35%), transportation equipment (-0.68%), insurance (-1.63%), finance (-0.94%), textiles and clothing (-2.89%), and machinery (-1.32%) fell.
The stocks with the highest market capitalization were mixed. Samsung Electronics, a leading stock, finished trading at 67,300 won, up 600 won (0.90%) from the previous trading day. LG Energy Solutions (0.13%), POSCO Holdings (0.36%), Samsung SDI (6.86%), LG Chem (2.93%), NAVER (1.92%), and Hyundai Mobis (1.85%) also rose. On the other hand, SK Hynix (-0.75%), Samsung BioLogics (-0.82%), Hyundai Motor Company (-2.17%), Kia (-1.60%), Celltrion (-0.13), and KB Financial Group (-1.50%) fell. .
The KOSDAQ index ended trading at 748.49, down 4.64 points (0.62%) from the previous trading day (743.85). The index began trading at 749.87, up 6.02 points (0.81%) from the previous trading day (743.85) and then turned to a downward trend during the day, but returned to an upward trend in the afternoon.
In the KOSDAQ market, individuals net sold KRW 109.1 billion, while foreigners and institutions bought KRW 13.1 billion and KRW 91.4 billion, respectively.
The top 10 KOSDAQ market cap stocks were also mixed. Ecopro BM closed at 203,500 won, up 1.95% from the previous day, followed by Ecopro (2.25%), POSCO DX (8.12%), L&F (3.01%), JYP Ent (3.29%), and Alteogen (2.04%). , HLB (1.21%) also rose. On the other hand, Pearl Abyss (-1.02%), SM (-1.24%), and Celltrion Pharmaceutical (-0.47%) fell.
Source: Donga
Mark Jones is a world traveler and journalist for News Rebeat. With a curious mind and a love of adventure, Mark brings a unique perspective to the latest global events and provides in-depth and thought-provoking coverage of the world at large.