[마켓뷰] KOSPI recovers at the 3080 line…net buying for the second day of the institution

Input 2021.03.03 16:31

“The adjustment phase for the time being until the economic recovery signal comes out”

On the 3rd, the KOSPI index ended higher than 1% thanks to the buying trend of institutional investors. It recovered to the 3080 line in six trading days since the 22nd of last month.

On this day, the KOSPI index ended at 3082.99, up 39.12 points (1.29%) from the previous day. After starting with a weak level at the beginning of the market, it moved sideways at the 3050 line in the morning, but the rise gradually expanded in the afternoon.

It was the buying trend of institutional investors that led the KOSPI to rise. On this day, the institution net bought a total of 691 billion won in the securities market. On the other hand, individuals and foreigners net sold 6554 billion won and 24.4 billion won, respectively. The agency continued to buy net for the second day following the last two days.

241.5 billion won came in through the program. Arbitrage transactions recorded 15.2 billion won, and non-arbitrage transactions recorded 2263 billion won.

Amid a bull market, stocks with the highest market capitalization generally ended higher. No. 1 company in market capitalization Samsung Electronics (005930)Recorded 84,000 won, up 0.48% from the previous day. SK hynix (000660), NAVER(035420), Samsung Electronics Woo (005935), Hyundai Motor (005380), Samsung Biologics (207940), Samsung SDI (006400), Kakao (035720), Celltrion (068270)Also all went up.

There was a change in ranking in the top ranks of market capitalization. NAVER’s share price rose close to 6%, regaining the 3rd place in the market cap. Naver’s market capitalization on this day was KRW 65,623.2 billion. On the other hand LG Chem (051910)Fell 2.36% from the previous day, pushing it to fourth place in market cap.

The rise of the KOSPI index on this day is analyzed because concerns about the rise in US Treasury yields declined. On the 2nd (local time), the US 10-year Treasury bond rate was 1.415%. Compared to the 1.6% mark last week, it is quite stable.

Jeong Yong-taek, head of IBK Investment & Securities Research Center, said, “Over the holiday season, concerns about the rise in bond yields in the US have eased to some extent.” It was done,” he said.

Previously, the KOSPI index broke through the 3260 line (as of January 11) and reached a peak, but fell by about 10% due to concerns over a surge in US Treasury yields.

“The stock market is not in a stage of movement with a clear direction yet, and is fluctuating in the adjustment phase.” Unless it comes out, this adjustment phase could last for the time being.”

Hwang Seung-taek, head of the Hana Financial Investment Research Center, said, “We have not yet completely resolved concerns over inflation or rising interest rates. If real economic indicators such as the employment index improve, we will be able to recover the bull market again.”

Meanwhile, the KOSDAQ index also closed higher on this day. The KOSDAQ index closed at 930.80, up 7.63 points (0.83%) from the previous day. Individuals and institutions net bought 35.5 billion won and 5.2 billion won, respectively, leading the KOSDAQ index. On the other hand, foreigners net sold 15.4 billion won.

High-ranking stocks by market capitalization also generally rose. Celltrion Healthcare (091990)Including Celltrion Pharmaceutical (068760), Pearl Abyss (263750), Alteogen (196170), Ecopro BM and others ended higher.