KOSPI remains flat at 2670 due to foreigners’ selling… KOSDAQ rose by 1%

KOSPI remains flat at 2670 due to foreigners’ selling…  KOSDAQ rose by 1%

2024-03-12 02:08:00

The Korea Stock Exchange (KOSPI) index is showing a strong downward trend due to a combination of institutions and individuals despite a selling trend by foreigners.

The KOSPI index is displayed on the status board of the dealing room at Hana Bank in Jung-gu, Seoul on the 12th. /yunhap news

At 10:57 am on the 5th, the KOSPI index is recording 2670.71, up 10.87 points (0.41%) from the previous trading day. The KOSPI index opened at 2763.47, up 13.63 points (0.51%) from the previous day. In the stock market, individuals and institutions purchased 13.2 billion won and 148.5 billion won, respectively. Foreigners sold net worth 178.6 billion won.

Stocks with the highest market capitalization are mixed. Samsung Electronics (005930), SK Hynix (000660), Samsung Electronics (005935), Hyundai Motor Company (005380), and Kia (000270) are in decline. On the other hand, LG Energy Solutions (373220), Celltrion (068270), LG Chem (051910), and POSCO Holdings (005490) are showing an upward trend. Samsung BioLogics (207940) also turned upward.

By stock, KB Financial Group rose more than 4% thanks to net buying by foreigners, breaking a 52-week high. NH Investment & Securities (005940) also rose nearly 3% on the news of its stock cancellation for the first time in 13 years.

Illustration = Jeongdaun

The KOSDAQ index is trading at 886.21, up 10.28 points (1.17%) from the previous trading day. The KOSDAQ index opened at 877.37, up 1.44 points (0.16%) from the previous trading day. Foreigners are buying 36.2 billion won, and individuals and institutions are selling 31.1 billion won and 11 billion won, respectively.

Among the top 10 stocks in market capitalization, EcoPro BM (247540), EcoPro (086520), and HPSP (403870) are rising. Alteogen (196170), Celltrion Pharmaceutical (068760), and Reno Industrial (058470) also turned to an upward trend. HLB (028300), Enchem (348370), Rainbow Robotics (277810), and Shinsung Delta Tech (065350) are showing a downward trend.

On this day, the domestic stock market showed no clear direction ahead of the US February CPI announcement. At 9:30 pm on this day, the United States will announce the CPI for February. Han Ji-young, a researcher at Kiwoom Securities, analyzed, “Even if the CPI in February comes out high, there will not be much change in the stock price as long as it comes out at a level that meets the consensus.”

As of 11:05 am on this day, the won-to-dollar exchange rate (won-dollar exchange rate) is trading at 1311.10 won, down 2.90 won (0.22%) from the previous day. In the Seoul foreign exchange market, the won-dollar exchange rate opened at 1311.0 won, up 0.7 won from the previous day.

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