[마켓뷰] Kospi recovered from 3000 lines… Foreigners’ second net purchase

Input 2021.03.11 16:32

Over 2 trillion net purchases for two consecutive days by foreigners
Pension funds are net sold for 50 consecutive trading days

On the 11th, the KOSPI index rebounded after six trading days. The index was raised by the finding of stability in global investment sentiment according to inflation, which was better than expected, including the passage of additional stimulus measures by the US Joe Biden administration.

Foreigners made net purchases of over 1.7 trillion won on that day, recording the second largest net purchase ever. The pension fund sold more than 300 billion won in net sales on this day. It is analyzed by the influence of the expiration date of futures and options. The pension fund continued to sell the longest for 50 consecutive trading days from December 24 last year to this day.

According to the Korea Exchange on that day, the KOSPI index closed at 3013.70, up 55.58 points (1.88%) from the previous day. It is only 4 trading days since the 5th (closing price 3026.26) that the KOSPI index recovered to the 3000 line based on the closing price. The KOSPI index fell from the previous trading day for 5 consecutive trading days from the 4th to the 10th, and failed to recover to the 3000 line from the 8th.

The index, which started rising at 2964.30 that day, recovered to the 3000 line around 10:30 a.m., and then increased the range. The rise in the domestic stock market was largely influenced by the rise in the US New York stock market. Last night, the Dow Jones 30 industry average, centered on high-quality stocks, in the New York Stock Exchange rose 463.28 points (1.46%) and ended at 32,2297.92. It is the first time that the Dow has exceeded the 32,000 mark based on the closing price, and this year, it recorded its 11th all-time high.

The Standard & Poor’s (S&P) 500 index, centered on large-cap stocks, closed at 3898.81, up 23.37 points (0.6%) from the previous day, and the Nasdaq index, centered on technology stocks, ended at 10,3068.83, down 4.99 points (0.04%).

Chae Hyun-ki, a researcher at Cape Investment & Securities, said, “The strong US Treasury Bids and the passage of the House of Representatives stimulus have revitalized the sentiment of preference for risky assets.” It is evaluated as being shown.”

Moreover, the US Consumer Price Index (CPI) for February rose 0.4% MoM, in line with the existing market forecast. The core CPI, excluding food and energy, rose 0.1% MoM. Considering that the stock market has been unstable due to inflation concerns, it is said that investors were relieved by the expected level of inflation.

In the securities market, foreign investors made net purchases alone. Individuals and institutions net sold 1,108.6 billion won and 589.9 billion won, respectively. Among the institutions, pension funds sold 302.1 billion won in net sales.

On the other hand, foreigners net bought 1.704.6 billion won. This is the second largest net purchase volume ever since July 8, 2011, after 1.72 trillion won. Foreigners bought stocks worth 2,184.5 billion won for two days in a row from the previous day to this day.

By stock, rechargeable battery-related stocks surged while all 10 of the top stocks by market capitalization rose. Which has been adjusted so far Samsung SDI (006400), LG Chem (051910)Rose 8.09% and 5.39%, respectively. SK innovation (096770)Rose 6.86%. Other than Samsung Biologics (207940), Kakao (035720)It also showed an increase rate of 4%.

Meanwhile, the KOSDAQ index rose 17.94 points (2.02%) and ended the transaction at 908.01. It recovered to the 900 line in 3 trading days since the 8th (closed price 904.77). In the KOSPI market, foreign net buying was remarkable. While individuals and institutions net sold 1657 billion won and 35.2 billion won, respectively, foreigners alone net bought 211.5 billion won.

The high-ranking stocks of the KOSDAQ market cap were mixed. Ecopro BM showed the highest rate of increase by 7.19%, Pearl Abyss (263750), Celltrion Healthcare (091990)Rose by 4.48% and 3.97%, respectively. Seegene (096530), HLB (028300)Fell by 3.08% and 1.22%, respectively.