Foreigners and Institutions ‘Sell’ vs. Individuals ‘Buy’
Improved investment sentiment with expectations of US government shutdown ending
Samsung Electronics up by over 3%… SK Square up by 8%
[E-Daily Reporter Lee Yong-seong] The KOSPI started strong, rising by over 1%. Improved investment sentiment can be attributed to the expectation of an end to the US government shutdown boosting the New York stock market.
According to MP Doctor on the 11th, as of 9:07 a.m., the KOSPI is trading at 4151.53, up 1.92% from the previous trading day. The KOSDAQ is trading at 900.91, up 1.41%. During trading, the KOSDAQ recovered to above the 900 level, the first time in three trading days since the 6th.
This is interpreted as a result of favorable winds from the New York stock market. On the 10th (local time), the New York stock market closed on a high note. At the New York Stock Exchange, the Dow Jones Industrial Average closed at 47,368.63, up 0.81% from the previous day. The S&P 500 index ended at 6832.43, up 1.54%. The Nasdaq index finished trading at 23,527.17, up 2.27%.
Han Ji-young, a researcher at Kiwoom Securities, said, “After the KOSPI’s strong start, we anticipate that a rotational market will appear as some profit-taking from sectors that had surged the previous day is absorbed during trading.”
In terms of supply and demand, individuals are solely buying 3.97 billion KRW worth of KOSPI. Foreigners and institutions are selling 835 million KRW and 2.806 billion KRW, respectively.
Among KOSPI sectors, most are on the rise. The electronics sector is leading the gains with a 3.07% increase, while IT services, medical and precision devices, textiles and clothing, and manufacturing are also showing strong gains of over 2%. Conversely, the entertainment and culture sector is down by over 2%.
Regarding large-cap stocks, most are on the rise. Samsung Electronics (005930) is up by 3.18%, and SK Hynix (000660) by 2.81%. Additionally, SK Square (402340) is up by 8.97%, and LG Energy Solution (373220) by 3.22%, among others.
On the other hand, in the KOSDAQ, individuals and institutions are net selling 3.7 billion KRW and 1.24 billion KRW, respectively, while foreigners are net buying 3.05 billion KRW.