The KOSPI index, which had been adjusted, rebounded successfully. Celltrion in the top 20 market caps(311,000 -0.48%)Red lights were on for all events except.
The KOSPI index ended at 3092.66, up 2.61% on the 19th. After peaking at 3152.18 based on the closing price on the 8th, it was adjusted and fell by about 4.4% until the 18th (3013.93) and then rebounded. The KOSDAQ index also rose 1.38% to 957.75.
Foreigners and institutions, which had been selling this month, bought a trillion won worth in the stock market on that day. Net purchases worth 410 billion won and 590 billion won, respectively. However, it is analyzed that it is unreasonable to judge the market direction based on the institution’s net purchase. This is because financial investors net bought 1 trillion won worth while pension funds continued to sell net. In general, the trading trend of financial investment includes arbitrage trading using the price difference between spot and futures, and volume related to ETF liquidity providers.
It is observed that there is a change in the supply and demand of foreigners. This is because diversified investments were made in a variety of stocks unlike the end of last year, when the trend toward specific stocks was noticeable. Samsung Electronics is the top stock in foreign net buying on this day.(87,200 +0.23%) Hyundai Motor Company(259,000 -0.96%) LG Electronics(167,000 +12.84%) LG Chem(1,000,000 +0.30%) Celltrion Kia(87,600 +5.04%) In order. Samsung Securities’ investment information team leader Jung Myung-ji analyzed, “It is difficult to accurately grasp the trend because the net purchase volume is not large, but when we look at the buying behavior, it is estimated that passive funds and global long money are buying the entire Korean market.” Individual investors who steadily continued to net purchase during the adjustment period of six trading days, including a sharp decline in the afternoon of the 18th, realized profit after a long time by net selling worth KRW 1 trillion on the day.
Among the top stocks in the market cap, eco-friendly stocks were remarkable. Hyundai Motors (8.51%) Kia Motors (16.64%) Hyundai Mobis(342,000 -0.87%)(6.65%) SK Innovation(274,500 +1.67%)(6.93%) LG Electronics (6.47%) Hanwha Solutions(57,200 +3.62%)(6.36%) and others are representative. It is an analysis that the anticipation for the opening of the Biden era scheduled for the 20th (local time) was reflected. Team leader Jeong explained, “The expectations for eco-friendly policies in the era of Biden are reflected in the Korean stock market, such as US President-elect Joe Biden declared that he would announce’re-joining the Paris Climate Agreement’ on the first day of his inauguration.”
Reporter Jaeyeon Ko [email protected]
Ⓒ Hankyung.com prohibits unauthorized reproduction and redistribution